Sugar Set for Biggest Annual Drop Since 2017 on Surplus Outlook

Raw sugar headed for the biggest annual decline in eight years, with the sweetener weighed down by the prospect of ample supplies.

While the most-active contract in New York rose on Wednesday, prices have fallen about 22% this year, the biggest drop since 2017. White sugar futures are down more than 15% in London, the biggest annual slump since 2018.