Sugar futures in New York posted the biggest gain in a month on concerns that an emerging El Niño weather pattern could curb rainfall and damage the cane crop in India, the world’s second-largest producer.
Refined sugar on sale at a shop in Meerut, Uttar Pradesh, India, on Thursday, Nov. 28, 2024. India is scheduled to release gross domestic product (GDP) figures on Nov. 29. Photographer: Prakash Singh/Bloomberg
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