Increased Brazilian sugar supply sends futures lower  On Tuesday in trading, sugar futures fell to their lowest levels in four days after reports surfaced that showed production in the main producing region in Brazil increased, according to a published report.

Bloomberg reports that Brazil, which is the world's biggest producer of the commodity, will likely have a larger sugar crop than was earlier forecast. Sugar output in Brazil's Center South jumped 6.8 percent in the second half of May as farmers accelerated the harvest on persistent dry weather, according to industry group Unica.

Still, sugar output in the region had plummeted by more than 45 percent from the beginning of the harvest in the middle of March to May 16 after inclement weather had hurt crop yields, Rabobank International analyst Keith Flury affirmed.

"The report does indicate progress is being made in the Center South, and that’s driving prices lower today," Flury affirmed. "Yet, the market still has a number of concerns about output and yield, which may further support the rally."

On the New York Mercantile Exchange on Tuesday, sugar futures for July delivery declined 2 percent to trade at 25 cents per pound. 
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