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Sugar price spike to stay for 2021, with varying impact for companies
Although sugar industry's fundamentals could push prices higher, analysts warn that volatility is expected
Published Mon, Mar 29, 2021 · 09:50 PM
Singapore
SUGAR prices have been on the rise as the world recovers from the Covid-19 pandemic. A confluence of dry weather conditions and low production levels have kept global sugar supply tight.
Higher crude oil prices, which can lead to increased demand for cane-based ethanol as a fuel substitute, have also pushed sugar prices up.
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