(Bloomberg) -- White sugar headed for a third weekly
gain, the longest winning streak in seven months, underpinned by
a shortage of refining capacity and a surge in freight rates.
The European Union, the world's second-biggest exporter of
processed sugar behind Brazil, is cutting exports to comply with
a World Trade Organization ruling. That may leave a shortfall
until new refining capacity can be added elsewhere. Benchmark
freight rates have advanced 49 percent this year, further
limiting supplies.
Read more at Bloomberg Commodities News
gain, the longest winning streak in seven months, underpinned by
a shortage of refining capacity and a surge in freight rates.
The European Union, the world's second-biggest exporter of
processed sugar behind Brazil, is cutting exports to comply with
a World Trade Organization ruling. That may leave a shortfall
until new refining capacity can be added elsewhere. Benchmark
freight rates have advanced 49 percent this year, further
limiting supplies.
Read more at Bloomberg Commodities News
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