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Global Sugar Prices Drop on Surplus Forecasts

Quick Look: Sugar prices hit a 1.5-month low due to forecasts of a global surplus. Brazil’s sugar production rose 15.7% YoY to 14.2 MMT, boosting global surplus. India’s surplus of 3.6 MMT prompts calls to lift export restrictions. India’s below-normal rains and Thailand’s heatwave could affect yields. In a surprising

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