Despite the negative course in the commodity market, the sugar price, which saw its highest level since November 2016 at $0.2166 on the Intercontinental Exchange (ICE), is trading at $0.2154 as of 14.35.
Analysts stated that the predictions for a decrease in sugar production in India caused an increase in prices, and noted that they were concerned that global supply problems could be triggered by the decrease in sugar harvest in the country.
