Commodities
Raw Sugar Climbs on Dry Weather and Fire Reports in Brazil
- Lack of rain in top-producer stokes concerns of lower output
- Futures rise after dropping to two-year low earlier in week
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Raw sugar futures climbed for a third day on reports of fire hitting sugar-cane areas and concerns about the impact of dry weather in Brazil’s Center-South, the nation’s top-producing region.
The most-active contract advanced as much as 3.3%, after dropping to the lowest in almost two years earlier in the week.