#Latest news with #millsBloomberg3 days agoBusinessBloombergSugar Extends Gains as a Recent Price Dip Draws in BuyersRaw sugar climbed for a second day on optimism that recent declines would draw in buyers and stronger crude prices may prompt mills to divert more cane to make ethanol. The most-active contract rose as much as 0.9% to 16.82 cents per pound, the highest level since June 4. Higher fuel costs can increase demand for ethanol, which is also made from sugar cane in countries like Brazil and India.
Bloomberg3 days agoBusinessBloombergSugar Extends Gains as a Recent Price Dip Draws in BuyersRaw sugar climbed for a second day on optimism that recent declines would draw in buyers and stronger crude prices may prompt mills to divert more cane to make ethanol. The most-active contract rose as much as 0.9% to 16.82 cents per pound, the highest level since June 4. Higher fuel costs can increase demand for ethanol, which is also made from sugar cane in countries like Brazil and India.
3 days ago
