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Market Impact: 0.22
Surging Crude Prices Are Supportive for Sugar
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsEnergy Markets & Prices
October NY world sugar rose 1.05% and October London ICE white sugar gained 1.54%, supported by a 3% jump in crude oil to a 3.25-month high. Higher crude prices improve ethanol economics, lending support to sugar prices through the sugar-to-ethanol production linkage.
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