Sugar prices surge over 40% in 60 days to 18-month high as Brazil diverts cane to ethanol

Sugar prices have surged over 40% in just 60 days, reaching their highest level in 18 months. Brazil, the world's largest producer, is diverting more sugarcane toward ethanol as it is more profitable, while El Niño effects pressure global supply further.

Detected & updated continuously · Source: Nebula