Commodities
Sugar Halts Rally on Better-Than-Expected Brazil Crop Data
- Good results for sugar-cane quality ease fears over drought
- Harvest numbers still don’t reflect impacts of recent fires
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Raw sugar futures retreated in New York as producers in the world’s top exporter Brazil reported better-than-expected results for the ongoing harvest.
The most-active futures contract fell as much as 2.5%, halting a winning streak of five straight days.