Raw Sugar Futures Rise 1.3% as Oil Rallies, Weather Concerns Persist
ICE raw sugar futures were up 1.3% at 20.38 cents per pound by 1154 GMT on Friday, after falling 1.6% in Thursday’s session. Oil prices rallied, while El Niño-linked weather concerns persisted.
ICE raw sugar futures gained on Friday, supported by a rally in oil prices and ongoing weather concerns linked to El Nino. Coffee and cocoa prices both moved lower. Raw sugar was up 1.3% at 20.38 cents per lb by 1154 GMT. It had fallen for a fifth consecutive session on Thursday, closing 1.6% lower.