Sugar Rises Most in Six Weeks Before Russia Decides on Raising Tariffs

(Bloomberg) -- Sugar futures rose the most in six
weeks in New York as processors bought contracts in anticipation
that Russia will raise import tariffs.

Russia may decide early in August to boost the duty from
$140 a metric ton, said Bernard Isler, an analyst with Trendex
Commodity Corp. in Plantation, Florida. President Vladimir Putin
wants a decision by tomorrow, said James Kirkup, a sugar broker
at Fortis in London, citing a Reuters report.


Read more at Bloomberg Commodities News