Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 16, 2012 08:35:33

Sugar continued again in the fall

ColosseumYesterday was the fourth day in a row that sugar so weakened and summarize this for less than a week significantly discounted. Yesterday's decline was fueled by reports suggesting output growth in Brazil, the largest sugar producer in the world. According to estimates, production in Brazil's central-southern region had in the marketing year beginning 1 May reach 545 to 575 million tonnes. However, in the last year it was only 512.1 million tons. March sugar yesterday on ICE Futures U.S. ended the fall of 1% to 19.85 cents per pound weight.

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