糖价反弹 自2017年以来最严重年度跌幅有所收窄

Core Insights - New York raw sugar prices are continuing to rise after a previous decline, with the most active futures contract increasing by 1.9% on Wednesday, marking the fourth consecutive day of gains [1] - Despite the recent uptick, sugar futures prices have dropped over 21% year-to-date, primarily due to increased global supply [1] - Brazilian sugar mills have predominantly opted to use sugarcane for sugar production rather than ethanol, while strong monsoon weather in India has bolstered harvest expectations [1] - Recent declines may have prompted fund managers to close some of their short positions in sugar [1]