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US sugar futures slipped over 6% to trade below 19 cents per pound, their lowest since late September, pressured by lower oil prices and a weaker Brazilian real following the presidential election results. Cheaper oil may reduce ethanol’s competitiveness, encouraging mills to allocate more sugarcane to sugar production
LONDON, Oct 13 (Reuters) — Cocoa futures on ICE hit their highest in about a month on Tuesday amid adverse El Niño-linked weather in key growing regions, while raw sugar steadied and was off last week's 19-month peaks. Cocoa London cocoa rose 2.2% to £4,375 a metric ton at 1300 GMT, having hit its highest since early
Raw sugar futures on ICE rose to a 19-month high of 20.90 cents per lb on Tuesday, with more rain forecast in top producer Brazil delaying cane crushing. Cocoa prices fell back slightly after recent strong gains.