According to the trading results that concluded on Friday, the price of NY world sugar #11 (SBV24) rose by 0.54 (18.39; 3.03%), while the price of London ICE white sugar #5 (SWV24) increased by 13.60 (525.70; 2.66%). The information was provided by Barchart.
The rise in sugar prices persists, based on reports that forest fires, caused by drought, are damaging sugar cane plantations in the largest Brazilian sugar-producing state of Sao Paulo.