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  • The white sugar price has climbed to $394/mt over the past fortnight.
  • Such highs have not been reached since late February.
  • Sugar prices have benefitted from stronger energy markets, as fuel demand around the world returns to normal.
  • This has increased the ethanol returns for cane mills in Brazil, leading to the question of whether they might buy back sugar hedges.
  • The refined sugar market continues to suffer from a shortfall in supply following this year’s poor Thai cane crop.
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Will Langston

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