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FUD - Sugar - A Battle Between Oil And The Brazilian Real
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The price of sugar has been trading in a range between 11.69 and 13.50 cents per pound since early November 2018 and was trading near the middle of the band on Tuesday, April 23. Sugar is a staple when it comes to many foods consumed around the world each day. However, the sweet commodity is also a critical ingredient in the production of ethanol in Brazil where many drivers depend on sugar to fuel their vehicles. At the same time, since Brazil is the leading free market producer of sugarcane in the world, the value