Sugar Heads Toward Two-Month High on Concern Over Indian Exports

Raw sugar futures headed for their highest closing price in two months as traders speculate that India, the second-biggest shipper of the sweetener, will curb supplies for the season that starts in October.

India has ramped up restrictions on rice exports over the past few days as the nation tackles rising food costs before an election next year, prompting speculation about which commodity might be next. Lack of rains threatens to cause a shortfall in Indian sugar production, which could lead to export restrictions.