Asian sugar market facing challenges in 2024 due to lower cane output, shifting import demand

New Delhi [India], December 30 (ANI): As the Asian sugar market charts its course into 2024, it faces the headwinds of supply chain disruptions and cautious import demand amid historically high price levels.

The NY11 sugar futures contract reached 12-year highs in April, maintaining peaks around 28 cents/lb levels in November.

Amid unpredictable weather conditions and evolving trade dynamics, sugar prices in 2024 are pois