Raw sugar bounces off 11-month low, coffee climbs.


Raw sugar prices on ICE climbed on Wednesday after earlier hitting an 11-month low, supported by higher energy prices and a firmer Brazilian currency, while arabica coffee prices also rose. October raw sugar settled up 0.13 cent, or 1.2 percent, at 11.37 cents per lb, after earlier falling to an October 2018 low of 11.09 cents per lb.

Prices were underpinned by higher energy prices, which can encourage cane mills to produce more biofuel ethanol, dealers said. Also supportive was a stronger Brazilian real, which on Tuesday had tumbled to...

To continue reading