Sugar Rises to Two-Month High as Brazil Increases Use of Cane for Fuel

(Bloomberg) -- Sugar in New York rose to the
highest since April, capping the biggest weekly gain in a month,
as Brazil, the largest sugar-cane grower, uses more of the plant
to make ethanol.

Brazil used 57 percent of the cane harvested in the main
center-south growing region to produce ethanol and 43 percent to
make sugar in the first five months of the year, Reuters
reported, citing an industry association. The country will
harvest 528 million metric tons of sugar cane through November,
up 11 percent from a year earlier, the government said May 31.


Read more at Bloomberg Commodities News