(Bloomberg) -- Raw sugar futures slid and coffee dropped on easing concerns of frost damage to crops in top shipper Brazil.Brazil’s key growing regions for sugar, coffee and oranges are expected to see freezing temperatures on Friday and Saturday. However, current forecasts show the cold front will be preceded by a cloud cover, steering it toward the ocean, according to Michael McDougall, managing director at Paragon Global Markets.“This, at the present time, will mean the front will be less dam
IBM's Food Trust network will help coffee and cocoa farmers and buyers verify information on their supply chains.
(Bloomberg) -- Raw sugar reversed gains in New York after climbing near the highest in more than four years on speculation that frost in Brazil won’t do as much damage as feared and amid a broader selloff in oil and other agricultural commodities.Oil fell back from a six-year high amid a rising dollar and uncertainty over OPEC+’s failure to ratify an agreement, pressuring ethanol values. The Bloomberg Dollar Spot Index rose the most in two weeks, making commodities priced in the dollar less attr