Refined Sugar Heads for Biggest Weekly Gain in Six on Euronext in London

(Bloomberg) -- White sugar headed for its biggest
weekly gain in six as speculators bet that rising ethanol
production in Brazil and plans to boost Indian stockpiles would
lift prices.

Ethanol production in the Center-South region of Brazil,
the world's biggest sugar producer, rose 7.4 percent in the
first five months of the year, Reuters reported yesterday,
citing the region's sugar-mill association, Unica. India, the
world's second-biggest sugar producer, will more than double
stockpiles to arrest a slide in prices amid record output,
Finance Minister Palaniappan Chidambaram said yesterday.


Read more at Bloomberg Commodities News