Raw sugar futures slip after 19-month peak
ICE raw sugar futures fell 2.4% to 20.34 cents per lb, while coffee also declined.
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ICE raw sugar futures fell 2.4% to 20.34 cents per lb, while coffee also declined.
ICE raw sugar futures fell 1.9% to 20.44 cents per lb, while arabica coffee and cocoa also declined.
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.