Raw sugar tears through 20 cents/lb, hits 19-month high
Raw sugar futures on ICE rose 3.4% to 20.60 cents per lb, reaching a fresh 19-month peak amid concerns over further El Nino-linked excess rains in Brazil.
Raw sugar futures on ICE surged through the 20 cents/lb level on Monday, reaching a new 19-month high as traders worried about further El Nino-linked excess rains in top grower Brazil. SUGAR* Raw sugar ICEUS:SB1! 65 cents, a 19-month peak.