Sugar Prices Mixed Amid Dollar Strength and Global Supply Outlook
Global sugar prices are mixed as dollar strength pressures NY futures while London sees gains. A stronger U.S. dollar led to long liquidation in New York, but London ICE white sugar reached a 2.5-week high. Despite bearish supply concerns from Brazil's increased production and Thailand’s strong exports, El Niño-related weather risks provide some support.
Topics: commodities currency_impact global_supply weather_risks