Friday, July 6, 2007

White Sugar Gains on Speculation Weather Will Reduce Output in Europe

(Bloomberg) -- White sugar advanced in London,
heading for a weekly gain, on speculation adverse weather
throughout Europe may reduce sugar-beet crops.

Rain has affected sugar-beet growing areas of the U.K.,
France and Germany in recent weeks, with flooding expected in
several areas, according to Woburn, Massachusetts-based weather
forecaster Meteorlogix LLC. Drought in eastern Ukraine and
southern Russia may have damaged crops there, the forecaster
said yesterday.


Read more at Bloomberg Commodities News

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