Lower cane crop in Brazil would support sugar prices: Bank of America Global Research

Finance

Source: Lower cane crop in Brazil would support sugar prices: Bank of America Global Research

New York: Global sugar prices are poised for a significant uptick due to a looming supply crisis. Bank of America Global Research has issued a stark warning, predicting that the scarcity of the sweetener will drive prices higher. The primary catalyst for this anticipated rise is the shortfall in sugarcane crushing in Brazil, the world's dominant sugar producer and exporter.

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