Sugar Jumps From 4-Year Low on Pakistan's Plans to Import
Raw sugar futures rebounded from a four-year low in New York after Pakistan initiated plans to import the sweetener to tame high domestic prices.
The most-active contract rose as much as 2.6% to 16.73 cents a pound. Pakistan's government will seek cabinet approval to import 250,000 tons of raw sugar, according to a statement issued by the deputy prime minister's office.
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