(Bloomberg) -- Sugar in New York was little changed, heading for a weekly loss, after Brazil's government forecast a record cane crop that may swell a global surplus.
Farmers in Brazil will harvest 513.1 million metric tons, up from an April estimate of 491.5 million tons, the Rio de Janeiro-based statistics agency known as IBGE said yesterday. Brazil, the world's biggest sugar producer, harvested 455.3 million tons last year.
Read more at Bloomberg Commodities News
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