(Bloomberg) -- Sugar declined in New York on
speculation that rising Brazilian and Indian production will
widen a global surplus.
World production will exceed demand by 9.8 million tons this
year, according to London-based ED&F Man, the biggest trader of
the sweetener. Brazil and India, the largest producers, are
growing more sugarcane partly to meet rising demand for the
alternative fuel ethanol.
Read more at Bloomberg Commodities News
speculation that rising Brazilian and Indian production will
widen a global surplus.
World production will exceed demand by 9.8 million tons this
year, according to London-based ED&F Man, the biggest trader of
the sweetener. Brazil and India, the largest producers, are
growing more sugarcane partly to meet rising demand for the
alternative fuel ethanol.
Read more at Bloomberg Commodities News
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