(Bloomberg) -- Sugar in New York rose after a price
slump to a two-year low spurred buying and a holiday yesterday
in Brazil, the world's largest producer, reduced sales.
Futures on June 5 fell to 8.52 cents a pound, the lowest
since May 2005, as India, the second-biggest producer, prepares
to export raw sugar for the first time in the year starting in
October. Financial markets in Brazil were closed yesterday for
the Corpus Christi holiday and a slow pace of sales continued
today, said Alex Oliveira, vice president at Fimat USA LLC.
Read more at Bloomberg Commodities News
slump to a two-year low spurred buying and a holiday yesterday
in Brazil, the world's largest producer, reduced sales.
Futures on June 5 fell to 8.52 cents a pound, the lowest
since May 2005, as India, the second-biggest producer, prepares
to export raw sugar for the first time in the year starting in
October. Financial markets in Brazil were closed yesterday for
the Corpus Christi holiday and a slow pace of sales continued
today, said Alex Oliveira, vice president at Fimat USA LLC.
Read more at Bloomberg Commodities News
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