World’s top sugar trader is having deja vu of an epic shortage

India isn’t expected to ship any sugar for the season that just started, a shift from two seasons ago when exports were as much as 11 million tons. That means markets are depending on Brazil, Mauro Angelo, chief executive officer at Alvean, a trading house controlled by Brazilian producer Copersucar SA said, making prices extremely sensitive to issues like untimely rains that threaten to disrupt harvests or delay ship loadings.

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