July NY world sugar #11 is up 2.40% to 3.5-week highs, while Aug London ICE white sugar #5 is up 1.78%. The move is being driven by expectations that higher gasoline prices could encourage sugar mills to divert more cane toward ethanol, tightening sugar supply. The article is a commodity price update with limited broader market impact.
July NY world sugar #11 is up 2.40% to 3.5-week highs, while Aug London ICE white sugar #5 is up 1.78%. The move is being driven by expectations that higher gasoline prices could encourage sugar mills to divert more cane toward ethanol, tightening sugar supply. The article is a commodity price update with limited broader market impact.
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mildly positive
Sentiment Score
0.35
