Amidst huge global surplus and expectations of increased output from Brazil on the back of weakening BRL (which is down 9% against the US$ since the start of the year) raw-sugar futures fell below 16 cents a pound for the first time in more than three years. Raw sugar for October on ICE Futures U.S. dipped to 15.93 cents a pound in intraday trade. The contract settled 1% lower at 16 cents a pound, the lowest active-month settlement since June 29, 2010 reported Wall Street Journal. The drop in sugar prices “is just currency related,” said Michael McDougall, senior vice… Login to continue

Login or sign up