Sugar prices rise on Brazil production delay, concerns of tighter ...

Tag : Brazilian Sugar

NEW YORK (AP) - Sugar prices rose Tuesday on new data showing thatBrazil's production is sharply lagging compared to the previousyear, raising concerns of tighter world supplies.
Sugar production in Brazil's key center-south growing area wasbehind last year's level by 1 million tons as of July 15, accordingto UNICA, a Brazilian agency representing some of the country'slargest sugar cooperatives.
The group blamed the decline on disruptive rains in March and Aprilthat hurt yields, and a greater focus on ethanol production overcane sugar.