Lower cane crop in Brazil would support sugar prices — Bank of America
The prices of benchmark raw sugar in New York are likely to stay firm and could gain ground, based on a global lack of the sweetener, according to a note published by Bank of America Global Research on Monday, reported Reuters.
As per media report, analysts at the bank said the sugarcane crushing in Brazil, the world’s largest sugar producer and exporter, is falling short of expectations because of dry weather conditio...