(Bloomberg) -- Sugar in New York rose the most since
December on speculation that harvest delays in Brazil, the
biggest producer, and increasing demand from Russia are leading
to near-term tight supplies.
Rain and storms may disrupt the harvest in Sao Paulo, the
largest sugarcane grower in Brazil, according to Meteorlogix LLC
in Woburn, Massachusetts. Raw-sugar demand in Russia, the biggest
importer, rose as the domestic white sugar price jumped. Parts of
Ukraine and Russia have experienced drier-than-normal weather
since April, increasing stress to crops, Meteorlogix said.
Read more at Bloomberg Commodities News
December on speculation that harvest delays in Brazil, the
biggest producer, and increasing demand from Russia are leading
to near-term tight supplies.
Rain and storms may disrupt the harvest in Sao Paulo, the
largest sugarcane grower in Brazil, according to Meteorlogix LLC
in Woburn, Massachusetts. Raw-sugar demand in Russia, the biggest
importer, rose as the domestic white sugar price jumped. Parts of
Ukraine and Russia have experienced drier-than-normal weather
since April, increasing stress to crops, Meteorlogix said.
Read more at Bloomberg Commodities News
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