Supply Outlook - Sugar futures fell to a three-week low [1] - Expectations that India, the world's second-largest grower, will allow shipments in the forthcoming season [1] - India's shipments will boost global supply prospects [1]

Because the Middle East is so important for global supply and particularly the straight of hormus is so important to global supply. The reality has been that every time that we have been involved in conflict in the Middle East, the oil price have increased. It just because the market was pricing the potential of a disruption and because of the centrality of the region into the global supply, a price increase will happen almost on every time that conflict has happened there.But that hasn't happened this time ...