Sugar prices drop as Brazil cane harvest speeds up
date:May 29, 2014
42.5%, from 43.7% in the first half of May 2013, a reflection of a strong market for the biofuel.

The last two weeks, the use of hydrous ethanol became economically advantageous compared to gasoline in the State of Sao Paulo, Mr Rodriguez said.

'More stunted than ever'

Nonetheless, raw sugar futures for more distant delivery suffered less sharp falls, with the March 2015 contract for instance falling by 1.2% to 18.84 cents a pound, increasing its premium over the spot July lot, amid concerns
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