Sugar Caps Biggest Monthly Loss Since August; Cocoa, Cotton Drop
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Sugar fell, capping the biggest monthly decline since August, on signs of increasing supplies of the sweetener from Brazil, the world’s top producer. Cocoa, cotton and orange juice also dropped. Coffee gained.
The amount of sugar waiting to be loaded at ports in Brazil rose 13 percent in a week, according to figures e-mailed May 29 from Williams Servicos Maritimos Ltda., a Recife, Brazil-based shipping agency. Output in the country’s main growing region more than doubled in the first half of May from a year earlier, according to industry group Unica.