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FLBR - Bullish Price Action In Sugar Since Mid-September
Franklin FTSE Brazil
Sugar is a food staple around the world. Sugar's impact on health has caused some decline in per capita consumption over the past years. However, the global population increased from around six billion at the turn of this century to almost 7.615 billion as of the end of November 2019. With nearly 27% more mouths to feed around the globe, sugar demand continues to rise as a function of its addressable market.
Sugar can be one of the most volatile agricultural commodities. Since the 1970s, the price has traded from a low at 2.29 cents