White Sugar Premium Jumps as India May Curb Exports After Rally
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The premium white sugar commands over the raw variety has climbed 9.5 percent over the past two weeks as India, the world’s second-biggest producer, may curb exports because of rising domestic prices.
White, or refined sugar, was $121.51 a metric ton more expensive than the raw sweetener by 13:13 p.m. London time, data on Bloomberg show. That compares with $110.97 a ton two weeks earlier. Sugar prices in India climbed to the highest in 18 months because of a delay to the monsoon rains, Green Pool Commodity Specialists Pty Ltd., a researcher based in Brisbane, Australia, said in a weekly report e-mailed today.