(Bloomberg) -- Sugar fell in New York on
speculation that record harvests in Brazil, the world's biggest
grower, and India, the second-largest, will increase a global
surplus.
Brazil's cane harvest this year will rise 13 percent to
513.3 million tons, the government estimates. India may export
raw sugar for the first time, adding to a worldwide glut. Before
today, the price of sugar dropped 24 percent this year.
Read more at Bloomberg Commodities News
speculation that record harvests in Brazil, the world's biggest
grower, and India, the second-largest, will increase a global
surplus.
Brazil's cane harvest this year will rise 13 percent to
513.3 million tons, the government estimates. India may export
raw sugar for the first time, adding to a worldwide glut. Before
today, the price of sugar dropped 24 percent this year.
Read more at Bloomberg Commodities News
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