How Much Higher Will Sugar Prices Go Here?

Group 1 - March sugar futures are showing a bullish trend, with prices trending higher and the MACD indicator in a bullish posture, indicating a near-term technical advantage for bulls [1][2] - Sugar prices have increased due to adverse weather conditions in major producing countries like India and Thailand, alongside stronger global demand and a shift towards ethanol production [2] - A breakout above the November high of 15.05 cents in March sugar futures would strengthen bullish momentum, with an upside target of 17.50 cents and technical support at the November low of 14.04 cents [3]