Raw Sugar Hits 18-Month High, Coffee and Cocoa Also Advance
Raw sugar futures on ICE reached an 18-month peak, nearing 20 cents per pound on Friday, driven by concerns over global production that suggest a deficit next season. Coffee and cocoa prices also saw rallies.
Raw sugar futures on ICE climbed to an 18-month high on Friday, rising to nearly 20 cents per pound as concerns over global production led the market to price in a deficit next season. Coffee and cocoa also advanced, while ICE raw sugar futures ICEUS:SB1! 93 cents per lb.