Sugar Futures Down For Second Day As Supply Concerns Ease

Future of sugar in the diet of the last day of ways to reduce

India is concerned about the speed of the global shortage of sugar-term; high-sugar harvest estimated in the four years after the previous session, the lowest in a month, close, fell on the second day on Wednesday.

ICE Futures U. S. Open Exchange, October delivery fell 0.83% for sugar-term USD0.2738 1 pound traded at the European exchanges.

Just over a month ago USD0.2726 below the previous session, trading USD0.2734 at least one book a day fell to 0.94%.

The production of sugar cane in India, according to a compilation of estimates of the Commission, 1 October 2011 to 12 years total marketing 25,830,000 tons predicts 10 states.

According to 24.2 million tons the previous optimistic projection is that the highest since the 2007-08 marketing year.

The State of Uttar Pradesh in India, growth in the production of sugar cane, Kamran Rizvi, sugar cane, according to the State Commissioner, 6.45 million tons, can reach you.

India second largest sugar producer.

5% of 29.5 million tonnes of sugar industry group, Canaple sugar crops in Brazil raised its estimate of effect after Meanwhile, optimism about the price of sugar to sugar crops in Brazil continue to weight on the last Thursday.

U. S. Department of Agriculture in Brazil with the largest manufacturer and exporter of sugar, about 20% of global production and national accounts for an estimated 39% of world sugar exports.

Sugar prices in Brazil as a diminishing supply concerns eased nine months USD0.3184 books hits since August 24 have lost almost 15%, the main producer prices drift lower.

The sharp drop in prices boosted buying a business importing sugar. Egypt bought 30,000 tonnes of sugar, on Monday, the Ministry of Agriculture U. S. said Tuesday.

Elsewhere, the Chicago Board of Trade, wheat for December delivery USD6.9313 bushel a bushel of corn for December delivery also rose 0.4% to trade at USD6.7625 trade rose 0.2% for November delivery fell 0.05% to trade bushels of soybeans USD13.3825.