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Market Impact: 0.38
Sugar Prices Surge on Concern About Weather-Related Supply Losses
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesNatural Disasters & WeatherMarket Technicals & Flows
Sugar futures surged more than 4% as weather risks supported buying: March NY world sugar #11 rose 0.85 cents, or 4.49%, to a 1.5-year nearest-futures high, while December London white sugar gained $21.20, or 4.18%, to a two-week high. The move indicates a sharp bullish repricing of near-term supply risk in global sugar markets.
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