Sugar misses the sweet spot in global trade
But prices are hitting new highs in the domestic market
Sugar seems to be losing its sweetness in the global market. The price of Sugar11, which is the most global benchmark for raw sugar contract, has seen a sharp slide from its October peak of about $0.23 per pound to about $0.16 per pound currently. The fall has been steep in the last three months.This has been on account of three key events. First, expectation of a balanced demand-supply scenario i...
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