Sugar Futures Rise 0.7% as More Excess Rain Forecast in Brazil
Raw sugar futures on ICE rose 0.7% to 19.48 cents per pound at 1424 GMT as forecasts called for more excess El Niño-linked rain in Brazil, the top grower. Arabica coffee hit a one-month low.
Raw sugar futures on ICE rallied on Thursday as supply prospects worsened with more excess El Nino-linked rains forecast in top grower Brazil, while arabica coffee hit a one-month low.SUGAR* Raw sugar ICEUS:SB1! rose 0.7% to 19.48 cents per lb at 1424 GMT, extending its recovery from Monday's 5.6…