Macquarie Says Sugar May Fall to 17C by 2nd Quarter

(Corrects timing in first sentence.)

Raw sugar futures may fall to 17 cents a pound by the second quarter, Kona Haque, an analyst at Macquarie Group Ltd., said on a call with reporters today.

Brazilian millers may switch to ethanol if prices fall below 17 cents a pound, she said.

To contact the reporter on this story: Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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