Widespread fires in Brazil have affected sugarcane crops in São Paulo, the country’s leading sugar-producing state, leading to a surge in international sugar prices. On Tuesday, October NY world sugar #11 (SBV24) closed up by +0.56 (+2.94%), and October London ICE white sugar #5 (SWV24) closed up by +22.30 (+4.24%). However, raw sugar futures slipped … Continue reading Anything that goes wrong in Brazil will have a big effect on sugar market: Trade Analyst Julian Price