Global Sugar Prices Expected to Decline Amid Hopes of Increased Production

In anticipation of increased output, there will probably be pressure on sugar prices globally for the rest of the current season, which ends in September, as well as for the upcoming season. At present, the price of raw sugar has fallen to an 18-month low on the InterContinental Exchange, New York, of 18.81 cents a pound (₹34,875/tonne) for futures expiring in July. Since the middle of last month, prices have been circling this mark.