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Raw Sugar Climbs, Arabica Coffee Highest Since Late November


Raw sugar futures on ICE rose to a fresh three-week high on Tuesday as oil prices rose and funds continued to cover short positions, while a stronger Brazilian currency helped push arabica coffee to its highest level in over five weeks.

March raw sugar settled up 0.11 cent, or 0.9 percent, at 12.76 cents per lb, after climbing to a fresh Dec. 19 high. This was the contract’s third straight positive finish.

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