Raw Sugar Rises as Lower India Output Dims Export Hopes

Raw Sugar Rises as Lower India Output Dims Export Hopes

Raw sugar gained after India’s sugar industry group reported lower production, which could support continued export restrictions.

The most-active contract rose as much as 3.3% to 19.90 cents a pound in New York, edging higher from a September low earlier this week. 

The Indian Sugar and Bio-Energy Manufacturers Association on reported a 16% drop in sugar production for the current season compared with a year earlier.

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