Raw Sugar Hits 18-Month Peak Above 19 Cents; Coffee, Cocoa Also Gain
Raw sugar futures on ICE reached an 18-month high, surpassing 19 cents per pound on Friday, driven by expectations of a deficit in the upcoming season. Coffee and cocoa prices also saw increases.
Raw sugar futures on ICE climbed to an 18-month high above 19 cents on Friday as the market kept pricing in a deficit next season. 37 cents, the strongest level in 18 months. Coffee and cocoa prices also advanced.