Squeeze on supplies drives global sugar prices to 12-year high
A combination of factors, including the El Niño weather pattern, congested Brazilian ports, export limits in India and Thailand, and expanded use of biofuels, has propelled global sugar prices to their highest level since 2011, said two analysts with the International Food Policy Research Institute (IFPRI) on Tuesday. Sugar supplies “will likely shrink further if… » Read More
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