date:May 29, 2014
Sugar futures extended losses after data showed a pick-up in production in Brazil's key cane belt, encouraged by favourable weather, although output remains below that a year ago.
Sugar futures for July, temporarily, fell below 17 cents a pound for the first time in three months after industry group Unica pegged output of the sweetener in Brazil's Centre South region in the first half of May at 1.91m tonnes.
Although down 8.4% year on year, output was twice that in the second half of April, ea