World’s Appetite for Treats Is Tightening Sugar Market
- Countries like Pakistan, Sudan importing refined sugar again
- The premium for near-term sugar deliveries have climbed
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The world is coming back to sweets and desserts as more lockdowns ease, especially in emerging nations, and it’s causing a spike in prices for short-term refined sugar supplies.
Nations from Pakistan to Sudan are buying on world markets again after a long period of absence. That’s tightening supply, and recently drove the December white sugar contract in London to a record premium over March futures.