Back Oct 01, 2024

Raw Sugar Falls as Traders Focus on Rains in Brazil

Raw sugar futures retreated as the prospect for rainfall aiding crops at top exporter Brazil next week brought some relief after prices rallied this month.

Showers over most of the Brazilian territory are still set to be irregular for the coming days, but widespread rains are seen reaching producing areas in Brazil’s southeast next week, Rural Clima meteorologist Marco Antonio dos Santos said.

Source: Bloomberg