RIO DE JANEIRO, BRAZIL - Futures on the International Commodities Exchange (ICE) gained again on Friday, closing the week with strong gains as investors await assessments of possible damage to the sugar cane crop in Brazil due to frosts this week.
Raw sugar for October delivery closed at US$0.21 per pound, or 1.2%, higher than the price of US$ 0.1815/lb, a day after hitting its highest level since late February. Sugar contracts were up 6.9% for the week.
Traders said the market continued to be supported by the frosts that hit sugarcane areas in . . .
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