Sugar Powers Toward Longest Rally in 14 Years as Supply Ebbs

Raw-sugar futures rose, heading for the longest streak of monthly gains since 2006 as demand increases at a time of diminished supplies.

Key buyers Indonesia and China are ramping up imports of the sweetener, while a drought curbs prospects in top shipper Brazil and Thailand contends with a lower crop outlook. Drier-than-normal conditions over Brazil’s Center-South cane-growing areas are expected to result in a decline in the nation’s 2021-22 production, and the drop could be accentuated if there’s a big shift toward cane use in ethanol production, according to the Hightower Report.