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Sugar prices surge amid a worsening global supply outlook

CNBC notes sugar outperformed the broader stock market this year, with prices rising sharply last week as supply concerns intensified.

Reported · Written up by our desk · Agriculture

Sugar has been outperforming the stock market this year, as investors have focused on a worsening global supply outlook, CNBC Finance says.

The outlet points to a sharp deterioration in supply conditions, which helped push sugar prices higher last week.

CNBC also frames the rally as part of a broader move in which sugar prices have been gaining relative strength versus equities in 2024.

The story highlights the supply risk as the key driver behind the latest price move and the outlook for where sugar could go next.

Latest closeSugar $18.71 ▲1.9%

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Sources

CNBC FinanceSugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
CNBC FinanceSugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here

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