Sugar Rally Gets Boost From Soybean Woes at Brazil Port
- Delays in soybean shipments will spill over to sugar exports
- Port woes add to already tight supplies, aiding sugar’s rally
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The global sugar market is getting another reason to rally.
Shipping delays currently plaguing soybean exports from Brazil are set to spill over to sugar. The queue of vessels waiting at ports in the world’s top sugar and soybean producer is so gigantic that bottlenecks will likely still be there in May, when sugar normally starts being put through some of the very same terminals.