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Soft Commodities Hit Record Low With More Losses Seen for Sugar

Marvin G Perez, Fabiana Batista
Soft Commodities Hit Record Low With More Losses Seen for Sugar

Soft commodities are getting hit by one blow after another, and some traders are predicting the worst is yet to come for sugar prices. Chaos for emerging-market currencies could make producers in countries like Brazil more eager to offload supplies at a time when mammoth coffee and sugar inventories are already weighing on the market. Meanwhile, Turkey’s financial crisis could limit the major cotton buyer’s demand just as prospects for U.S. production start to improve.