Sugar soared on HSBC forecast

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Farm commodities rose on Friday amid broadly lower greenback and hopes for stronger demand after EU leaders agreed to ease debt conditions for Italy and Spain.

Wheat moved higher as weaker US Dollar and dry weather in the US stimulated price increase.

Corn eased up as US inventories attained 16-year low while unfavorable weather conditions continued to erode prospects for this year's harvest.

Sugar was bolstered by the HSBC projection that global surplus will be lower in 2012-13 marketing year as Indian output may decline.

Coffee surged on the EU optimism and potential Brazilian production fall as rains during harvesting period compromised bean quality.


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