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Market Impact: 0.3
Brazil Weather Concerns Push Sugar Prices Higher
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & Weather
October NY world sugar #11 futures rose 1.31% (+0.23) and December London ICE white sugar futures gained 0.26% (+1.30), extending gains for a second day. Prices are being supported by concerns that rainfall in Brazil is slowing the sugarcane harvest, potentially tightening near-term supply.
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