By contrast, cocoa and coffee futures travelled in the opposite direction as those soft commodities thus far this year have fallen 28 and 9.4 percent, respectively. Production of sugar from Center South in Brazil, the highest producing region in the world, dropped
to its lowest levels in 24 years, the director of a Brazilian sugar-cane research center told the news service.
"Brazil may be down in their southern region in regards to sugar production, which is helping to support prices," senior commodities broker Hector Galvan with RJO Futures in Chicago told the news service. "The sugar market is looking for direction on any piece of news that'll send it higher again."
At 11:25 a.m. on Thursday, sugar futures climbed 0.13 percent, a 0.03 cent gain to 22.83 cents per pound. At 11:24 a.m., coffee futures slipped 0.46 percent, a 1 cent loss to $2.17 per pound. At 11:25 a.m., cocoa futures dove 1.15 percent, a $25 slide to $2,155 per metric ton.
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