The Traderszone Network

Published in TZ Latest News 9 March, 2015 by The TZ Newswire Staff

Brazil Takes Pounding On OJ, Coffee, Sugar

The weakest Brazilian real in more than a decade is rippling through the cost of commodities found on U.S. breakfast tables. As Brazil’s stalling growth and accelerating inflation weaken the currency, exporters are selling more coffee, sugar and orange juice. The country is the top producer of all three items. Hedge funds are the most bearish ever on sugar, U.S. government data show.

read more