Raw Sugar Surges to 19-Month Peak
Raw sugar futures on ICE climbed to a 19-month high, influenced by forecasts of more rain in Brazil, the leading producer. Concurrently, cocoa prices experienced a slight decline after recent robust gains.
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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.