Colosseum a.s. (Colosseum a.s.)
Commodities  |  17.4.2013 9:06:28

Delayed harvest in Brazil sent up sugar

ColosseumSugar in yesterday's trading session on the ICE Futures U.S. strengthened the most in five weeks. He stood behind the speculation suggesting that delaying the harvest sugar cane in Brazil, threatening supplies of the commodity. The Brazilian crop is very important because it is the largest sugar producer in the world. Strong rainfall delaying work in the fields of sugar cane in Brazil's central-southern region, which is in terms of sugar production in Brazil, the most important. The paradox is that the local crop could be a record this month, but just only if she could harvest. It is expected a good harvest fills much hope that the current weak Brazilian sugar stocks will be replenished. July sugar on ICE Futures U.S. yesterday gained 1.8% to 17.87 cents a pound weight.

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