Sugar Prices Decline Amid Dollar Strength and Global Production Changes
1686+ Words Refined into 7 Facts by AI • 1 source • 1h ago
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- Sugar prices are down due to a rally in the dollar index.
- The Brazilian real's rise discourages sugar exports from Brazil.
- Commodity funds' net-short positions in sugar futures hit a 5-year high.
- India allows sugar mills to export 1 MMT this season.
- Thailand's sugar production projected to rise by 18% year-on-year.
- Brazil's sugar production estimate cut to 44 MMT for 2024/25.
- ISO revised global sugar deficit forecast to -2.51 MMT.
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