Sugar Prices Face Bumpy Road Amid Global Surplus

Sugar prices receive a boost from Brazils projected output drop, but face pressure from Indias increased exports and global surplus expectations. Despite Brazils strong current crop, the International Sugar Organization predicts a surplus of 1.6 million metric tons next season, with some estimates even higher. The USDA forecasts record global production, further straining prices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.