Sugar Jumps From 4-Year Low on Pakistan's Plans to Import
Raw sugar futures rebounded from a four-year low in New York after Pakistan initiated plans to import the sweetener to tame high domestic prices.
The most-active contract rose as much as 2.6% to 16.73 cents a pound. Pakistan's government will seek cabinet approval to import 250,000 tons of raw sugar, according to a statement issued by the deputy prime minister's office.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Eater
21 minutes ago
- Eater
Greek Group Balos Announces New Italian Restaurant Downtown
Skip to main content Current eater city: Washington, D.C. Plus, Carmine's marks 15-year milestone and more intel Jun 27, 2025, 9:08 PM UTC Downtown is getting a chic Italian spot from rapidly expanding Balos Restaurant Group. The upscale newcomer will be called Sorella, per a rep, and span nearly 10,000 square feet (1800 M Street NW). Landlord Columbia Property Trust, which is in the midst of renovating the 10-story office tower, confirms the 15-year restaurant lease on the ground floor. While the 'all-new concept' is in the 'very early stages,' the look and menu is going for 'Amalfi Coast' vibes. Co-owners Joe Ragonese, Tom Tsiplakos, and Stefanos Vouvoudakis are best known for Balos Estiatorio, the napkin-throwing Greek hot spot in nearby Dupont (and celebratory site of Washington Capitals NHL star Alex Ovechkin's record-breaking goal). Its New York-styled sibling Bar Angie, which debuted in April in the West End, will soon expand across state lines with the opening of the much-bigger Angie in Arlington, Virginia. Vouvoudakis and Tsiplakos are also behind NY-born For Five Coffee Roasters, which also fuels the restaurants' espresso martini programs. Sorella plans to debut in spring 2026, joining Pret A Manger and Slapfish at the base of the building. Penn Quarter's 750-seat Southern Italian staple Carmine's just turned 15, and to celebrate, chef Glenn Rolnick put a lighter, summery spin on its traditional lasagna. The all-veggie, 'pinwheel' platter feeds up to six and features spinach lasagna sheets from Rafetto's NYC. Carmine's will donate 20 percent of each $37.95 order sold to DC Central Kitchen. A who's-who of D.C. cut a 15-foot-long version this week to commemorate the big birthday. With 20,000 square feet and nine private dining rooms, Carmine's is considered the city's biggest restaurant (425 7th Street NW). Lasagna pinwheels feature sundried peppers, ricotta and mozzarella cheeses, roasted eggplant, basil, and plum tomato sauce. Chicatana, a breakout star in Columbia Heights' crowded taco scene, suffered extensive damage in the late hours of Wednesday night. Per DC Fire, a mechanical fire occurred in the kitchen (with no injuries reported), and the restaurant will remain closed until renovations are completed. The 3-year-old spot, which recently relocated to the nearby 14th Street NW space that formerly housed DC Corazon, caters to daring diners with generous use of ants and grasshoppers — a delicacy of its chef's native Guerrero. Due to its proximity, Italian standby Little's Coco's was also forced to close until Monday, June 30 'to deep clean for smoke.'
Washington Post
25 minutes ago
- Washington Post
DOGE loses control over government grants website, freeing up billions
The U.S. DOGE Service has lost the power to control the government's process for awarding billions of dollars in federal funds, the latest sign of the team's declining influence following Elon Musk's high-profile exit from Washington, according to two people familiar with the situation and emails obtained by The Washington Post.
Bloomberg
an hour ago
- Bloomberg
Mamdani Wants to Meet With Major Business Leaders, Wylde Says
New York City mayoral candidate Zohran Mamdani will meet with members of New York City's business community in July, according to one of the city's most influential power brokers. Kathy Wylde, president of the Partnership for New York City, received a call from Mamdani, a democratic socialist, on Thursday seeking an opportunity to explain his intentions and vision to business leaders, she told Bloomberg. The Partnership for New York City is a coalition of more than 300 companies including banks, media companies, and investment, real estate, and law firms.
