ICE raw sugar dn on hopes of more output from Brazil.

Futures contracts of raw sugar on the ICE are down on expectations of higher output as cane crushing in Brazil is likely to rise during the coming months. Mills in Brazil Centre-South region crushed 41.71 million tonne of cane during April, down 39.7% on year and produced 1.83 million tonne of sugar, down 43.8% on year. However, the sugarcane crushing is expected to gather pace now. July raw sugar contract on the ICE is down 1.2% at $15.47 cents a pound.