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Market Impact: 0.28
Sugar Prices Climb as Crude Oil Soars
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices
October NY world sugar #11 futures rose 1.79% (+0.33) to a one-week high, while October London ICE white sugar futures gained 0.75% (+4.00) to a 2.5-week high. The rally was supported by soaring crude oil prices, which can strengthen sugar demand through improved ethanol economics.
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