Sugar Futures Decline to Five-Week Low on Ample Supplies

Sugar futures fell to a five-week low on signs that cane farmers in Brazil, the world’s largest producer, will harvest a bumper crop and add to a global surplus. Orange juice also dropped, while cotton, coffee and cocoa gained.

In the season starting next month, production in Brazil’s Center South, the top growing region, may exceed last year’s record, according to a Bloomberg survey. Sporadic rain will allow fieldwork to proceed in some areas this week, Sao Paulo-based Somar Meteorologia said yesterday.