Brazil’s Sugar Producers Seen Selling 2014 Crop on Weaker Real
Category: Sugar
(Bloomberg) – Producers took advantage of a weakening local currency last wk to sell some of their 2014 crop in the futures market, Lausanne, Switzerland-based researcher Kingsman SA says in report e-mailed today. “All the 2014 futures months made new contract lows,” says Kingsman, a unit of McGraw-Hill Financial Inc. (MHFI)’s Platts Brazil’s real fell to a four-year low on May 31 * NOTE: Brazil is the world’s top sugar producer
