White sugar hits three-month low as Brazil promises to up production

White sugar fell to a three-month low in London on forecasts for more supplies from Brazil, the world’s largest producer.

Coffee and cocoa also declined.

Brazil’s cane harvest will expand 5.4% to 602.2 million metric tons for the crop that started Mar 1, its government said last week. The centre south, which usually accounts for 90% of Brazil’s output, will produce 33.1m tons of sugar, almost 5.8% higher than a year earlier, said industry group Unica.