NEW YORK, Oct 30 (Reuters) - Raw sugar futures on ICE fell on Friday, as the Brazilian real weakened and the market consolidated following three consecutive sessions of gains linked to rains in top grower Brazil. Sugar posted a 9.8% gain in October.
A weaker real encourages mills, farmers and exporters in Brazil to sell dollar-priced futures because it raises their returns in local currency terms.
* Raw sugar settled down 0.11 cent, or 0.6%, at 19.36 cents per lb.
* "The trade is weighing the collapse of the Brazilian real this week against more evidence of problems with this year’s production because of too much rain," said broker ADMIS in a note.
* Dealers noted heavy selling from Brazilian mills on ICE, as they lock in currency gains for their future sugar exports.