Price Outlook: Raw sugar and Arabica coffee futures on ICE closed lower on some showers forecast in drought-hit Brazil over the next few days and profit taking by funds. · July raw sugar (SBc1) settled down 0.33 cent, or 1.9%, at 17.38 cents per lb. · August white sugar (LSUc1) settled down $7.20, or 1.5%, at $459.30 a tonne. · The weather in the Centre-South region of Brazil remained a focus with some showers forecast this week although overall conditions remain dry. · Lower energy prices can lead to more use of cane to make sugar rather than biofuel ethanol, particularly in Brazil. Factors affecting Br...
All about Weather and Crops