Sugar Futures Fall to Two-Year Low on Growing Surpluses From Brazil, India

(Bloomberg) -- Sugar futures fell to a two-year low,
capping the longest slump since September, on speculation that
cane harvests in Brazil and India will add to a global glut.

World sugar production may exceed demand by 10 million
metric tons this year, F.O. Licht in Ratzeburg, Germany, said
June 1. The London-based International Sugar Organization
earlier predicted a surplus of 9.2 million tons in the year
through September as growers try to meet demand for ethanol, a
fuel made from sugar.


Read more at Bloomberg Commodities News