(Bloomberg) -- Sugar rose the most in a week in New
York on speculation that heavy rain in Brazil, the world's
biggest producer, and a cold wave in Argentina may lower output,
easing concern of a global glut.
Rain in Sao Paulo, Brazil's main sugarcane-growing state,
has slowed the harvest and closed several mills, Michael
McDougall, a senior vice president for Fimat USA LLC in New York,
said in a report. Cold weather in Argentina may cut sugar output
by 200,000 metric tons to 2.4 million for the marketing year
starting Oct. 1, McDougall estimates.
Read more at Bloomberg Commodities News
York on speculation that heavy rain in Brazil, the world's
biggest producer, and a cold wave in Argentina may lower output,
easing concern of a global glut.
Rain in Sao Paulo, Brazil's main sugarcane-growing state,
has slowed the harvest and closed several mills, Michael
McDougall, a senior vice president for Fimat USA LLC in New York,
said in a report. Cold weather in Argentina may cut sugar output
by 200,000 metric tons to 2.4 million for the marketing year
starting Oct. 1, McDougall estimates.
Read more at Bloomberg Commodities News
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