Raw sugar headed for its best week since August, sending refining premiums to the lowest in a month and potentially making processing less attractive.
Raw futures are up 2% this week in New York. Prices have been supported by record Brazilian ethanol prices that encourage mills there to turn more cane into biofuel, the Hightower Report said. The move has sent the premium that white sugar commands over raw to the lowest since the start of October.
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November 05, 2021 at 07:18PM
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Raw Sugar's Best Week Since August Erodes Refining Premium - Bloomberg
"best" - Google News
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