Global sugar prices surge amid supply shortage concerns — experts weigh in
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Global sugar prices have witnessed a remarkable surge in the past few weeks owing to concerns over shortages in supply, with sugar prices trading at a four and a half-month high in New York and a 12-year high in London. Last week, the world’s largest sugar trader, Alvean, said it is expecting a sixth straight year of deficits in the next sugar season.
India, which is the world’s second-largest sugar producer, may consider restricting sugar exports in order to curb domestic prices amid a ‘below normal monsoon’ year.
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