(Bloomberg) -- Sugar futures in New York fell for a
third-straight day after Brazil, the largest producer, said it
will have a record sugarcane crop, adding to a global surplus of
the sweetener.
Brazilian farmers will reap 528 million metric tons in the
current harvest, up from 474.8 million tons in the previous
season, the agricultural ministry said today in its first
estimate of this year's crop. Sugar output will rise to
31.3 million tons from 30.2 million tons, the agency said.
Read more at Bloomberg Commodities News
third-straight day after Brazil, the largest producer, said it
will have a record sugarcane crop, adding to a global surplus of
the sweetener.
Brazilian farmers will reap 528 million metric tons in the
current harvest, up from 474.8 million tons in the previous
season, the agricultural ministry said today in its first
estimate of this year's crop. Sugar output will rise to
31.3 million tons from 30.2 million tons, the agency said.
Read more at Bloomberg Commodities News
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