(Bloomberg) -- Sugar futures fell in New York on
expectations that rising output from Brazil and India, the
world's largest growers, will widen a global surplus.
Farms are increasing output on rising demand for ethanol,
an alternative fuel made from sugar in Brazil. The South American
country, the biggest exporter of sugar and ethanol made from
cane, will harvest a record 513.1 million metric tons of the
tropical plant this year, 13 percent more than last year, the
government said on May 10.
Read more at Bloomberg Commodities News
expectations that rising output from Brazil and India, the
world's largest growers, will widen a global surplus.
Farms are increasing output on rising demand for ethanol,
an alternative fuel made from sugar in Brazil. The South American
country, the biggest exporter of sugar and ethanol made from
cane, will harvest a record 513.1 million metric tons of the
tropical plant this year, 13 percent more than last year, the
government said on May 10.
Read more at Bloomberg Commodities News
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