Faced with a weak market, the sugar industry was laser-focused during New York Sugar Week on possible drivers to rescue prices from near five-year lows.
The annual gathering of analysts, producers and traders comes as global raw sugar prices have been under steep pressure over the past year due to ample global production and sluggish demand growth. Key to prospects for recovering prices were the impacts of Brazilian gasoline prices and a potential El Niño weather pattern on sugar production.
