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Brazil Agriculture Ministry Says Prices for White and Raw Sugar to Drop

By Lucia Kassai -

Brazil’s Agriculture Ministry said raw and white sugar prices will fall over the next two years.

White sugar will decline to $490 a ton by 2011 from $540 now, while raw sugar will drop to $390 a ton from $480 now, Luis Job, coordinator of the ministry’s sugar and ethanol department, said today in an e-mailed statement.

To contact the reporter on this story: Lucia Kassai in Sao Paulo at lkassai@bloomberg.net

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