(Bloomberg) -- Sugar in New York rose the most in
more than two months on speculation that exports from Brazil,
the largest producer, may slow as mills focus on meeting
domestic demand for sweeteners and crop-based fuel.
Mills in Brazil are curbing exports after prices fell to a
23-month low last week and the local currency rallied, reducing
the value of sales paid for in dollars, said Michael McDougall,
senior vice president for Fimat USA LLC in New York. Brazil's
real has risen 10 percent this year, the biggest advance among
the 16 most-actively traded currencies against the dollar.
Read more at Bloomberg Commodities News
more than two months on speculation that exports from Brazil,
the largest producer, may slow as mills focus on meeting
domestic demand for sweeteners and crop-based fuel.
Mills in Brazil are curbing exports after prices fell to a
23-month low last week and the local currency rallied, reducing
the value of sales paid for in dollars, said Michael McDougall,
senior vice president for Fimat USA LLC in New York. Brazil's
real has risen 10 percent this year, the biggest advance among
the 16 most-actively traded currencies against the dollar.
Read more at Bloomberg Commodities News
No comments:
Post a Comment