Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 19, 2012 09:06:28

Sugar weakened the most in four weeks

ColosseumYesterday's fall of sugar prices was strongest for the whole month back due to the acceleration of the sugar harvest in Brazil, which is also the world's largest producer of the commodity. Sugar production in Brazil's central-southern region, which is responsible for a fifth of world production, increased in the second half of August by 12% compared to the same period last year. The March futures contracts for sugar on ICE Futures U.S. so yesterday reacted fall by 3% to 20.15 cents per pound weight.

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