​Sugar Futures Erupt In Largest Weekly Gain In Years Amid “Unusual & Persistent Weather Events” In Brazil – Tyler Durden

Sugar Futures Erupt In Largest Weekly Gain In Years Amid “Unusual & Persistent Weather Events” In Brazil Brazil’s Center for Natural Disaster Monitoring and Alerts has reported that drought conditions plague roughly 59% of the country, including vast areas of agricultural land. The severe drought has damaged several key commodity crops in the South American country, which is known as the world’s top exporter of soybeans, sugarcane, beef, coffee, corn, orange juice, and poultry. Focusing on sugar markets, Bloomberg cited data from trader Wilmar International showing that droughts are expected to severely impact sugar production in the Center-South, Brazil’s central growing region. So far,…  — Continue at ZeroHedge News : Read More