The price of sugar has risen for the first time in three days of trading in New York. The big volume of new harvest of sugar cane in Brazil, world’s largest producer, may go to the ethanol production. Such speculative assumptions made by market participants have pushed the price upward.

Coffee, on the other hand, has lost its pricing positions. The volume of sugar waiting to be loaded at Brazilian ports accounts for 817 977 tons, per Williams Servicos Maritimos Ltda officials. A week earlier this figure was fixed at 1.04 million tons.

Usually, in Brazil harvesting season of sugar cane, used for sugar production, and for the release of sweet product, begins in April. This significantly increases the supply, per “Kazah- Zerno” Agency.
Sugar, at its raw- material state, for its May supply rose by 0.7%; the prices has reached 17.62 cents per pound (0.45 kg) at auction in New York.

Per Sucres et Denrees SA experts, due to record high yield in Brazil the price declined by 9.7%.
“Arabica” coffee lost 1.1% of its value, to $1.3795 per pound (0.45 kg) at auction in New York. At Meanwhile, “Robusta” coffee is 0.8% cheaper, at $2066 per pound (0.45 kg) on the London Stock Exchange.