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5.1

Sugar Prices Hit 19-Month High on Brazil Rain, EU/US Output Cuts

Raw sugar futures rose 2.3% to 20.72 cents/lb, the highest in 19 months, driven by heavy rains in Brazil threatening production and downward revisions to EU and US output forecasts. The supply-side shock tightens the global sugar balance, but the magnitude of the Brazilian crop loss remains uncertain.

Al Jazeera AR3 days agoBR, EU, USCredibility 46%View source

Score Breakdown

Mosaic Score5.1
Model confidence0.5
Significance0.5
Source credibility0.5

Intelligence Tags

#sugar#commodities#brazil#weather#supply

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