Sugar Falls to 3-Month Low on India, Brazil Output; Coffee Drops
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Sugar fell to the lowest in almost three months on signs that output is increasing in Brazil and India, the world’s largest producers. Coffee also dropped.
India is considering exporting 500,000 metric tons of sugar this week, the government said. Production in Brazil’s Center South will rise to 35.1 million tons this year from 33.5 million tons last year, research company Datagro said on Feb. 21. Bigger harvests may help fill a global shortfall that sent prices to a 30-year high this month.