Bloomberg reports the Institut Technique de la Betterave released a report stating the globe's top producer of sugar beet may see beets climb to 15.4 metric tons. That figure dwarfs last year's total, which is 13.1 tons, and the current record of 14.5 tons, which was set in 2009.
"We haven't at all caught up on the hydrological deficit," ITB researcher Fabienne Maupas told the news service. "The soil-water reserves are very low, so if we get no rain, yields could be at the lower end."
At 2 p.m. on Wednesday, sugar futures climbed 0.29 percent, an 0.0008 cent rise to 27.68 cents per pound.
France's April was the second hottest since 1900 and the one of the more dry since 1953, according to the ministry of agriculture.
The International Business Times reports sugar futures are poised to climb as a result of news about the crop totals in Brazil being 20 percent reduced and India seeking more of the commodity than anticipated.
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