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Sugar prices pop to 11-year high ...News
Experts warn costs could rise further due to forecasts of bad weather Raw sugar prices reached an 11-year high this week, trading data showed. Analysts have pointed to adverse weather and a drop in output by major producers as among the reasons behind the spike. The cost of May futures on the Intercontinental Exchange (ICE) surged past $0.27 per pound on Thursday, the highest price since mid-2011. While prices have since somewhat subsided, they remain well above the February peak of $0.22 per pound and are nearly 40% up on a year-to-date basis. Analysts have linked the price rise with growing global demand, which
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