Sugar Prices Fall Due to Abundant Supplies and Weak Demand
Sugar prices declined as expectations of a large Brazilian harvest and weak global demand pressured the market. NY and London sugar contracts fell, with the London contract down 1.47% and the NY contract down 0.65%. The drop follows a temporary rise linked to higher gasoline prices, which may shift production toward ethanol.
Topics: agricultural_supplies Brazil_sugar_production commodity_markets sugar_prices