date:Aug 27, 2018
Sugar prices have fallen to their lowest levels in a decade and are likely to drop further as record world-wide production collides with healthier eating.
Raw sugar futures traded on the ICE Futures U.S. exchange SBV8, +3.36% settled at 10.1 cents a pound on Monday, the lowest finish for a front-month contract since June 10, 2008, according to Dow Jones Market Data. Year to date, prices have lost more than 33%the biggest percentage decline so far among major commodities.
The world has gone fr