Sugar is outperforming the stock market this year. Here's what's driving it, and where it can go from here
CNBC·- Sugar prices surged 21.5% in August 2026, outperforming the S&P 500 with a year-to-date gain of about 20%. - This rally is driven by lower European sugar beet yields from adverse weather, expected El Niño impacts in Asia, and reduced production in Brazil. - Additionally, India's duty-free raw sugar imports and rising oil prices favoring ethanol production in Brazil have tightened global supplies and pushed prices higher.Sugar Prices Rally on the Outlook for a Global Deficit
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