(Bloomberg) -- Sugar rose a third straight day in
New York on speculation that surging energy prices will increase
demand for ethanol made from sugar cane, curtailing the growth of
a global surplus of the sweetener.
The center-south region of Brazil, the biggest producer of
sugar cane, had produced 5.4 million tons of sweetener as of June
15, down from 6 million tons in the same period last year, while
ethanol output jumped 10 percent to 4.2 billion liters, the
London-based International Sugar Organization said in an e-mailed
report yesterday. Crude oil and gasoline futures in New York have
risen for four weeks in a row.
Read more at Bloomberg Commodities News
New York on speculation that surging energy prices will increase
demand for ethanol made from sugar cane, curtailing the growth of
a global surplus of the sweetener.
The center-south region of Brazil, the biggest producer of
sugar cane, had produced 5.4 million tons of sweetener as of June
15, down from 6 million tons in the same period last year, while
ethanol output jumped 10 percent to 4.2 billion liters, the
London-based International Sugar Organization said in an e-mailed
report yesterday. Crude oil and gasoline futures in New York have
risen for four weeks in a row.
Read more at Bloomberg Commodities News
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