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Sugar Jumps Most Since November on Brazil Ship Congestion

Sugar futures surged the most since November on concern that shipments will be delayed from Brazil, the world’s top exporter. Coffee, cocoa and orange juice rose, while cotton fell.

As many as 199 vessels were waiting at Brazil’s main ports today to load corn, soybeans and products made from the oilseed, up from 190 a week earlier, data from SA Commodities and Unimar Agenciamentos Maritimos show. The backlog may delay exports of sugar. There were 37 ships waiting to load 1.33 million metric tons of the sweetener, up from 36 vessels a week earlier.