ICE Sugar Slightly Lower at End of Week, Still Up Almost 6 Percent for Week
Raw-sugar futures for May delivery rose as much as 16 cents a pound. Prices across the broader commodities complex were lifted Friday by a more cautious attitude this week about further U.S. interest-rate increases by the Federal Reserve. The market also has been boosted partly by a strengthening in Brazil's real currency amid massive anti-government protests. Brazil is the top producer of both sugar and coffee and the real's strength has made exports less attractive in local currency terms.