Sugar heads for longest rally in 14 years as supply shrinks
Sugar heads for longest rally in 14 years as supply shrinks
Raw sugar futures have risen, heading for the longest streak of monthly gains since 2006, as demand increases while supply decreases. Major buyers, Indonesia and China, are increasing imports of the sweetener, while a drought dampens prospects for major shippers, Brazil and Thailand, amid declining crop prospects. According to the Hightower report. “With demand remaining […]
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