Sugar rose, capping the first weekly gain in three, on concern that a record backlog at Brazil’s Port of Santos will cut supply from the world’s top producer and exporter. Coffee and orange juice also gained.
Brazil ports have 192 ships waiting to load 10.8 million metric tons of soybeans, corn, wheat and rice, compared with 90 ships waiting to load 4.1 million tons a year earlier, researcher SA Commodities said today. More time spent loading the extra grain supplies may delay sugar shipments. Exports may also be disrupted if dock workers in the country decide to go on a strike in a protest over job security.