On Monday the price of raw sugar rose by 3 percent—reaching a price of 21.55 cents per pound—a mark not matched since March 1981. The main reasons for the price increase read like a lesson in the globalization of commodities: A sharp fall in production in India, paired with an increasing demand for sugar in Brazil, have incited more worries in the industry. Another "drastic fall" is expected for the upcoming Indian crop, according to Sucden Financial, a firm that focuses on sugar trading.
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