May NY world sugar #11 (SBK26) closed up $0.33 (+2.15%) on Friday, hitting a 5-month high; May London ICE white sugar #5 (SWK26) closed up $0.20 (+0.04%). The rally was driven by soaring gasoline prices lifting ethanol values, which is bullish for sugar demand and supports near-term upside in sugar futures.
May NY world sugar #11 (SBK26) closed up $0.33 (+2.15%) on Friday, hitting a 5-month high; May London ICE white sugar #5 (SWK26) closed up $0.20 (+0.04%). The rally was driven by soaring gasoline prices lifting ethanol values, which is bullish for sugar demand and supports near-term upside in sugar futures.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
