Raw Sugar Surges Past 20 Cents/lb to 19-Month High
Raw sugar futures on ICE surged past the 20 cents/lb level to hit a 19-month peak amid worries over further El Nino-linked excess rains in top grower Brazil. The contract rose 3.6% to 20.65 cents per lb at 1351 GMT.
Raw sugar futures on ICE climbed above the 20 cents/lb mark on Monday to reach a 19-month high, as traders weighed concerns over additional El Nino-linked excess rains in top grower Brazil. SUGAR* Raw sugar ICEUS:SB1! 79 cents. The contract…