Raw sugar futures slip after 19-month high
ICE raw sugar futures fell after earlier reaching a 19-month high, alongside declines in coffee and cocoa.
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ICE raw sugar futures fell after earlier reaching a 19-month high, alongside declines in coffee and cocoa.
ICE raw sugar fell 0.9% to 20.64 cents/lb after a 19-month high of 21.24 cents. White sugar was down 0.95% to $551.20/t; cocoa and coffee also slipped amid weather and supply comments.
Raw sugar futures on ICE rose to a 19-month high of 20.90 cents per lb on Tuesday, with more rain forecast in top producer Brazil delaying cane crushing. Cocoa prices fell back slightly after recent strong gains.
Raw sugar futures on ICE rose to a 19-month high on Tuesday. Cocoa prices fell back slightly after recent strong gains.