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Stronger dollar and weaker crude oil push NY raw sugar to a 1.75-month low

New York raw sugar and London white sugar both fell on Thursday, with NY prices hitting a 1.75-month low. A stronger dollar weighed on commodities as the dollar index climbed to a 13-month high. At the same time, WTI crude slid to a 3.5-month low, undermining ethanol economics and potentially encouraging Brazilian mills to make more sugar and less ethanol. Although worries persist over reduced output tied to weak Indian monsoon rainfall and a confirmed El Niño, near-term supply pressure has dominated price action.
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Commodity