Prices slipping for cocoa and sugar
November 14, 2013 By Isis Almeida Bloomberg News
Nov. 14, 2013, U.S. – Cocoa and raw sugar continues to drop in price, reports Bloomberg News.
Nov. 14, 2013, U.S. – Raw sugar fell for a second day in
New York on speculation a weaker Brazilian currency will spur
more selling from the world’s largest producer. Cocoa slipped.
Brazil’s real lost 1.9 percent yesterday against the
dollar, the most among emerging-market currencies, on concern
the government is doing too little to control budget deficits
and avoid a credit-rating cut. Declines by the Brazilian
currency, which slumped 3.4 percent in a month, tend to
encourage export sales of local sweetener priced in dollars, reports Bloomberg News. | READ MORE
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