India and La Niña boost sugar prices

Raw sugar prices have risen to their highest levels in over a year, influenced by the El Niño phenomenon and its expected impact on reducing global production. Futures contracts for sugar increased by 1.65%, reaching 17.84 cents per pound, after previously hitting a high since 2025 at 17.99 cents. Expectations suggest that rising prices in the Indian market may prompt the country to import larger quantities of sugar, amid measures to restrict stockpiling in an effort to curb the ongoing rise. The current wave of price increases continues due to significant concerns about El Niño's effect on global sugar production, amid growing demand and declining supply.

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