Sugar continues to become more expensive in the New York and London markets. A change in Brazilian fuel taxes and a disappointing sugar cane harvest in Asia, among other things, are driving up prices. For white sugar, the price on the London futures market is around USD 630 per ton, the highest in ten years. Raw sugar in New York is at its highest level in six years at about $0.22 per pound.
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White sugar price at highest level in ten years
