World sugar output will exceed consumption by 3.8 million metric tons in the year that begins Oct. 1, Martin Cardozo, a trading manager for Bunge Latin America LLC, said at an industry event Sept. 12. That’s almost triple the forecast by the International Sugar Organization.
NATO said there’s a risk of Russia sending troops into Ukraine under the “pretext” of a humanitarian or peacekeeping mission after President Vladimir Putin massed soldiers on his country’s western border.
Gold and silver futures rebounded after Moody’s Investors Service said U.S. policy makers must address debt woes to avoid a credit-rating downgrade this year, boosting the appeal of the metals as a haven.
Coffee futures sank to a 21-month low on mounting concern that Europe’s debt crisis is eroding demand prospects as exporters boost sales in Brazil, the world’s largest grower. Sugar and cocoa also slid.