Prices of sugar are rising following India's decision to maintain restrictions on exports.

Prices for the world sugar No. 11 have increased by +2.27% in New York and by +2.35% in London trading. This happened after the news about restrictions on sugar exports from India to ensure domestic demand and ethanol production.

9 August 2024

On Thursday, at the auctions in New York, the price of the world sugar No. 11 (SBV24) rose by +0.43 (18.57; +2.27%). And in London, the price of white sugar No. 5 (SWV24) increased by +12.10 (526.60; +2.35%). This information is reported by Barchart.

Prices of sugar went up on Thursday after the Ministry of Food and Trade of India announced the maintenance of restrictions on sugar exports in order to ensure sufficient domestic supply and increase ethanol production in the country.

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Prices of sugar are rising following India's decision to maintain restrictions on exports.

Prices for the world sugar No. 11 have increased by +2.27% in New York and by +2.35% in London trading. This happened after the news about restrictions on sugar exports from India to ensure domestic demand and ethanol production.

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