Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure.Falling energy prices can prompt cane mills in top growers Brazil and India to produce more sugar and less ethanol, a cane-based biofuel.SUGAR* Raw sugar fell 1% to 15.55 cents per lb at 1253 GMT, having earlier hit its highest since October at 15…
World sugar prices headed higher on Monday on fears the U.S.-Israel war against Iran, which is disrupting global energy supplies, will prompt Brazilian cane mills to produce more ethanol and less sugar.Ethanol is a cane-based biofuel. If mills…
