Sugar, Coffee Decline as Weakening Real May Spur Brazil Exports

Sugar declined to a three-year low and coffee fell on speculation that the weakening real will spur increased exports from Brazil, the world’s top grower. Orange juice, cocoa and cotton dropped.

Brazil’s currency fell to a four-year low against the dollar before erasing losses. The sugar-cane harvest in the Center South, the main growing region, will be an all-time high, industry group Unica has said. This year, the nation’s coffee farmers will gather a record crop for a lower-yielding half of a biennial cycle, the government forecasts. A weaker real makes sales priced in the U.S. currency more attractive.