Raw sugar recovers from two-week lows

LONDON: Raw sugar futures on ICE recovered on Friday from two week lows hit in the previous session amid improved sentiment in the wider financial markets and worries over global weather patterns.

SUGAR

March raw sugar rose 0.9% to 19.77 cents per lb by 1409 GMT, having touched its lowest since the end of September at 19.48 on Thursday.

A dealer cited reports from the Climate Prediction Center that La Nina conditions have developed and are expected to continue into the winter.

"Brazilian mill groups are certainly watching this after the year they saw this last season. La Nina developing is no guarantee Brazilian cane will suffer, but it could also bring more rain to India and Thailand," he said.