Sugar Futures Rebound on Supply Concerns in India; Coffee Gains
This article is for subscribers only.
Sugar jumped more than 3 percent on renewed supply concerns in India, the world’s second-biggest producer. Coffee also rose.
Output in the state of Maharashtra, India’s largest producer of refined sugar, dropped 29 percent from Oct. 1 to Nov. 20 from a year earlier as heavy rains slowed the harvest, an industry group said yesterday. Brazil is the leading producer. Sugar prices have more than doubled from this year’s low in May, partly on concern that a drought in Brazil damaged crops.