Raw Sugar Climbs to 19-Month High on Brazil Weather Woes
Raw sugar futures on ICE surged 4% on Monday, surpassing 20 cents per pound to reach a 19-month peak. This rally is driven by escalating concerns over El Nino-related excessive rainfall impacting Brazil, the world's top sugar producer.
Raw sugar futures on ICE advanced 4% on Monday, moving above 20 cents per pound to a 19-month high as concerns intensified over further El Nino-linked excess rains in top grower Brazil. SUGAR* Raw sugar ICEUS:SB1! 81 cent.