White Sugar Drops in London to One-Month Low on Supply-Glut Speculation

(Bloomberg) -- White sugar dropped to the lowest in
a month in London on concern sales by producer countries are
exacerbating a surplus of the commodity.

Producer selling is fueling expectations of a global sugar
glut, Sucden (U.K.) Ltd. said in a report today. Brazil, the
world's biggest sugar producer, will have a 20.4 million-metric-
ton domestic surplus this year, according to London-based ED&F
Man Holdings Ltd. India's will be 5.5 million tons and Thailand
4.2 million tons.


Read more at Bloomberg Commodities News