date:Aug 30, 2018
ffee hit its lowest price in a dozen years, and sugar fell to a decade low. Both soft commodities have one significant factor in common, the worlds leading producer and exporter are Brazil.
World sugar futures drop below 10 cents
The price action in the sweetest commodity continues to sour as the price has done nothing but make lower highs and lower lows since October 2016.
As the weekly chart shows, the consistent downtrend in the ICE sugar futures market sent the price to a low of 9.91 cents