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SUGAR REPORT | 16.04.2021 | MARKET REPORTS | SEBAT GROUP

SUGAR REPORT | 16.04.2021 | MARKET REPORTS

Sugar prices on Thursday extended Wednesday's gains up to 4-week highs. Fund buying propelled sugar prices higher on concern about reduced global sugar production. Dry conditions may curb sugar yields in Brazil after Somar Meteorologia said that soil moisture in Brazil's sugarcane growing regions has been insufficient to provide good development of cane crops. Also, severe frost in France, the largest sugar producer in the EU, has damaged 10% of France's sugar beet crop, according to farmer group CGB.



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