Raw sugar jumps to fresh 16-month high; arabica coffee slides
ICE raw sugar futures hit a fresh 16-month high amid concerns about Indian supply and the Brazilian harvest. Arabica coffee sank to a five-week low; SB1 settled up 1.9% at 18.70 cents/lb.
Raw sugar futures on ICE hit a fresh 16-month high on Wednesday as concerns about Indian supply and the Brazilian harvest increased, while arabica coffee sank to a five-week low.SUGAR* Raw sugar ICEUS:SB1! settled up 0.34 cent, or 1.9%, at 18.70 cents per lb after climbing 3.1% on Tuesday.
The ma…