Latest news with #rawsugar
Bloomberg
10 hours ago
- Business
- Bloomberg
Sugar Jumps From 4-Year Low on Pakistan's Plans to Import
Raw sugar futures rebounded from a four-year low in New York after Pakistan initiated plans to import the sweetener to tame high domestic prices. The most-active contract rose as much as 2.6% to 16.73 cents a pound. Pakistan's government will seek cabinet approval to import 250,000 tons of raw sugar, according to a statement issued by the deputy prime minister's office.
Bloomberg
10-06-2025
- Business
- Bloomberg
Sugar Extends Gains as a Recent Price Dip Draws in Buyers
Raw sugar climbed for a second day on optimism that recent declines would draw in buyers and stronger crude prices may prompt mills to divert more cane to make ethanol. The most-active contract rose as much as 0.9% to 16.82 cents per pound, the highest level since June 4. Higher fuel costs can increase demand for ethanol, which is also made from sugar cane in countries like Brazil and India.
