Mumbai, May 14 -- Global Sugar prices edged up yesterday, recovering after a recent slide. The benchmark July NY sugar futures bounced from a three and half year low amid a near three percent rally in crude oil futures and edged up above 18 cents per pound. It ended with a spike of 2.70% at 18.18 cents per pound. Sugar has been under stress recently on hopes of higher production. Unica reported that Brazil Center-South sugar production for the first half of April rose 1.3% y/y to 731,000 MT. Conab has recently forecasted Brazil's 2025/26 Brazil sugar production would gain 4% y/y to 45.875 million MT. The USDA's Foreign Agricultural Service states that India's 2025/26 sugar production would rise 26% y/y to 35 million MT due to favorable mons...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.