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.


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India to Export 500,000 Tons Raw Sugar Next Year for First Time Amid Glut

(Bloomberg) -- India, the world's second-biggest
sugar producer, may export as much as 500,000 tons of raw sugar
for the first time in the year starting October to reduce costs
as global prices slump amid record production.

Indian Sugar Exim Corp., an industry-funded trading firm,
won a contract to ship 200,000 tons to Dubai-based Al Khaleej
Sugar, Asia's largest refiner, Vinay Kumar, member secretary of
Sugar Exim, said today in a phone interview. The company hopes to
secure more orders when it starts supplying in December.


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Sugar Falls for Fourth Day as Brazil's Record Harvest to Swell Surplus

(Bloomberg) -- Sugar futures in New York fell
for a fourth-straight day on speculation a global surplus
will swell with a record crop from Brazil, the world's
largest producer.

Brazil said yesterday that its current sugarcane
harvest will rise 11 percent to 528 million metric tons.
Sugar output will increase 3.6 percent to 31.3 million
tons, the agricultural ministry said.


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