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المشهد العربي
Sugar prices climb amid duty cut expectations
Raw sugar prices have reached their highest levels in over a year, driven by expectations of a reduction in import tariffs in India, where the government is considering lowering the current 100% tax. As a result, futures contracts for sugar on the New York exchange increased by 2.5%, with monthly gains exceeding 20%. Markets are also concerned about the impact of the "El Niño" phenomenon and declining crop supplies, especially since Brazil—the world's largest exporter—is experiencing heavy rains that hinder processing operations.
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