Brazil’s Surge in Sugar Output Leads to Price Drop

On a recent Friday in New York, sugar prices fell, showing the market’s reaction to increased sugar production forecasts in Brazil and Asia. In New York, the leading contract for raw sugar dropped 0.43% to 23.56 cents per pound, peaking at 23.99 cents and dipping to 23.52 cents. As Brazil boosts its sugar production, global […]

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