date:Apr 29, 2016
gar futures slumped, as the cane body Unica announced a record start to the season in Brazils Center South Cane belt.
Unica also gave its first estimate of full year sugar output, pegging expectations 33.5-35m tonnes.
July raw sugar settled down 1.3%, at 15.84 cents a pound, after falling 2.4% to 15.66 cents.
August white sugar settled down 0.7%, at $460.80 a tonne.
Brazilian production
Coffee markets were caught up in the soft commodity sell-off as well.
The roasting industry association ABIC f