Raw sugar futures prices rise on ICE due to rains in the Center-South, Brazil

ICE raw sugar futures contracts closed higher on Wednesday, 7, supported by interruptions in the sugarcane harvest in the Center-South, caused by recent rains. March raw sugar advanced 0.09 cents, or 0.5%, to 19.48 cents a pound. Most Brazilian mills are shutting down cane crushing for the season, leaving millions of tons of raw material in the fields to be harvested next year as rains make harvesting operations difficult and inefficient. Traders said that despite the current ...