Drier Weather Hurts Prices of Sugar Cane
Category: Sugar
(WSJ) - Raw-sugar futures fell 5.9% last week, as production picked up in top sugar-producer Brazil on the heels of unseasonable rains. Futures prices had rallied 27% from a 22-month low in early June to 23.92 cents a pound on July 20 due to fears the deluge would squeeze supplies from the world's top producer of the sweetener. Full Story