Benchmark futures for sugar (SGG) and arabica coffee (JO) plunged to two-and-a-half year lows today, thanks to big crops from Brazil, the world’s biggest producer of both. Sugar mills have been running heavy to make up for time lost to unseasonable early rains, while coffee growers are sitting on a lot of beans hoping for higher prices - a "time bomb for the market” next year.
Benchmark futures for sugar (SGG) and arabica coffee (JO) plunged to two-and-a-half year lows...
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