Sugar Rises on Brazil Output Concern; Coffee Falls; Cocoa Gains
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Sugar rose to a two-month high as shipping delays mounted in Brazil, the world’s biggest exporter. Coffee declined to the lowest price since February, while cocoa advanced.
Backlogs of sugar shipments from Brazilian ports are expected to last an additional 20 to 30 days, according to Datagro Ltd., an industry researcher. Last week, futures in New York climbed 3.4 percent, the sixth straight gain.