Crystal sugar dropped to an eight- month low in Brazil, the world’s largest sugar producer, on stepped-up local output.
The Cepea/Esalq crystal sugar index fell to 58.21 reais ($35.61) a 50-kilogram (110 pounds) bag on May 20, data from Cepea, a University of Sao Paulo research group, and compiled by Bloomberg showed. That was the lowest level since Sept. 17. The crystal variety, used to make soft drinks, chocolate and dough, accounts for 68 percent of all sugar sold in Brazil.
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