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Raw sugar rises as lower India output dims export hopes
Hindustan Times Jammu
|January 04, 2025
LOWER OUTPUT COULD SIGNAL THAT THE WORLD'S SECOND LARGEST PRODUCER MAY CONTINUE TO LIMIT SHIPMENTS THIS YEAR
Raw sugar gained after India's sugar industry group reported lower production, which could support continued export restrictions.
The most-active contract rose as much as 3.3% to 19.90 cents a pound in New York, edging higher from a September low earlier this week. The Indian Sugar and Bio-Energy Manufacturers Association on Thursday reported a 16% drop in sugar production for the current season compared with a year earlier.
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