date:Aug 06, 2015
litical corruption scandal there.
Raw sugar for October delivery ended at 10.89 cents a pound on the ICE Futures U.S. exchange, the lowest since Dec. 23, 2008.
The futures sugar market in New York behaves like an endless rerun of a horror movie, Arnaldo Luiz Correa, director at Archer Consulting in Santos, Brazil, said in a note.
Mr. Correa said that over the last 20 sessions, the devaluation of the real has accounted for 60% of the fall in sugar prices, but he said the value of the commodity