Raw Sugar Futures Surge to 18-Month High; Coffee, Cocoa Decline
Raw sugar futures on ICE reached an 18-month high on Thursday, driven by crop concerns in key producing nations. Concurrently, coffee and cocoa prices experienced declines. Raw sugar (SB1!) rose 1.7% to 18.92 cents per lb, after reaching a peak of 19 cents.
Raw sugar futures on ICE climbed to an 18-month high on Thursday as crop concerns emerged in several major producing countries, while coffee and cocoa prices declined. SUGAR* Raw sugar ICEUS:SB1! 92 cents per lb by 1113 GMT after touching an 18-month high of 19 cents. Dealers said the market was…