Raw sugar futures leaped by up to 5 percent Thursday as talk swirled that the cane crop of No. 1 producer Brazil will be smaller than previously thought as aging plants and poor weather damage the harvest. New York's October raw sugar contract was up 0.86 cent at 29.78 cents per lb at 1:03 pm EDT (1703 GMT), having hit a session top of 30.40 cents.
New York's September cocoa contract declined $11 to end at $3,172 a tonne. ICE September arabica futures fell 2.30 cents to trade at $2.411 per lb at 1:04 pm.
Comments
Comments are closed.