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Sugar futures extend slump as Brazil rain seen aiding cane crop
date:Jan 18, 2013
ower and the chief executive officer of Grupo Maubisa, a miller.

Rainfall has really picked up in January, Michael McDougall, a senior vice president at Newedge Group in New York, said in a telephone interview. Theres been replanting of the cane and an increase in agricultural yield for the new year.

Raw sugar for March delivery fell 0.9 pecent to close at 18.45 cents a pound at 2 p.m. on ICE Futures U.S. in New York, after touching 18.33 cents, the lowest for a most-active contract since Dec.

12/24 05:26