On Monday, the October NY world sugar #11 (SBV23) registered a significant increase of +0.74 (+2.98%). Meanwhile, the October London white sugar #5 (SWV23) did not witness any trading activity as the markets in the UK remained closed due to a holiday. The surge in sugar prices resulted in a two-month high and a remarkable closing peak. This surge is primarily driven by speculation that India, one of the major players in the sugar industry, will…
Hashtags: #sugarprices #marketupdate #sugarindustry
Keywords: NY world sugar, London white sugar, sugar prices, trading, markets, holiday, India, speculation, industry
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