ICE London Sugar Futures Hit $490 Per Ton on July 2, Marking Nine-Month High Amid El Nino Surge

According to Pulses, on July 2, ICE London sugar futures hit $490 per ton during intraday trading, marking a nine-month high. The surge comes as strong El Nino conditions are forecast to develop through at least November, with the World Meteorological Organization projecting an 80% probability of strong El Nino between July and September, and a 90% probability it will persist beyond November.
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