Dry Conditions in Brazil Lift Sugar Prices Globally

Little rain stands to underpin higher prices in the longer term Global sugar prices rallied as drought conditions in B...

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Little rain stands to underpin higher prices in the longer term



Global sugar prices rallied as drought conditions in Brazil have the market bracing for less sugar cane.
On Monday, sugar for February delivery on the Intercontinental Exchange finished up 6% at 12.65 cents a pound.
The gains come after sugar futures had slumped through December and hit a three-month low of 11.69 cents a pound on Jan. 3.
    

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