Sugar Slides on Spec­u­la­tion on Gaso­line Prices

The Economic Times - - Commodities Plus -

Raw sugar fell to a three-week low on spec­u­la­tion that Brazil’s state­con­trolled oil com­pany may cut gaso­line prices, a move that could weaken ethanol de­mand and push ex­tra sup­plies of the sweet­ener onto in­ter­na­tional mar­kets. Brazil is seek­ing a cut in gaso­line prices to re­verse de­mand slump.

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