Raw Sugar Hits 18-Month Peak Near 20 Cents/lb on Deficit Fears
Raw sugar futures on ICE reached an 18-month high, nearing 20 cents per pound, driven by market anticipation of a deficit in the upcoming season. Coffee and cocoa prices also saw gains.
Raw sugar futures on ICE climbed to an 18-month high, nearing 20 cents/lb on Friday as the market kept pricing in a deficit next season. Coffee and cocoa also advanced. Raw sugar ICEUS:SB1! 79 cents, its 18-month peak.