(Bloomberg) -- Sugar in New York fell for the
fourth-straight session as a record cane harvest in Brazil, the
largest producer, exceeds demand from ethanol mills.
Brazil will produce 32.45 million metric tons of raw sugar
this year, 17 percent more than last year, according to a report
today by commodity researcher F.O. Licht. Trading houses posted
notices on June 29 that 604,000 tons of raw sugar would be
delivered for the July contract, with a ``surprising'' 389,000
tons from Brazil, Fimat USA LLC in New York said in a report.
Read more at Bloomberg Commodities News
fourth-straight session as a record cane harvest in Brazil, the
largest producer, exceeds demand from ethanol mills.
Brazil will produce 32.45 million metric tons of raw sugar
this year, 17 percent more than last year, according to a report
today by commodity researcher F.O. Licht. Trading houses posted
notices on June 29 that 604,000 tons of raw sugar would be
delivered for the July contract, with a ``surprising'' 389,000
tons from Brazil, Fimat USA LLC in New York said in a report.
Read more at Bloomberg Commodities News
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