Commodities
Raw Sugar Extends Losses on Bets for Improving 2025 Supplies
- Indian producers are asking for permission to export sweetener
- Rains seen continuing to aid cane crops in top supplier Brazil
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Raw sugar futures extended their retreat, hitting the lowest since September, on expectations that global supplies in 2025 will turn out better than initially anticipated.
The most-active contract fell as much as 1.9% in New York as traders focus on the outlook for top producers Brazil and India. There are bets that India could allow exports of raw sugar early next year, while the weather in Brazil is aiding cane crops.