Global sugar prices soared 11.9% in August due to adverse weather, reduced Brazil output, and India's duty-free imports, FAO reports.

India invites applications for the remaining 202,550 tonnes of raw sugar under a 1 million-tonne duty-free import quota approved last month.

The rally was underpinned by India’s move to allow up to 1 million tons of duty-free raw sugar imports, but weakening domestic prices have since tempered expectations for overseas…