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Sugar prices rise amid rains in Brazil; arabica coffee hits one-month low

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: Sugar prices rise amid rains in Brazil; arabica coffee hits one-month low
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Market & Financial Impact: GLOBAL-SOFTS/ (UPDATE 2):SOFTS-Sugar prices rise amid rains in Brazil; arabica coffee hits one-month low
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

NEW YORK, Oct 29 (Reuters) - Raw sugar futures on ICE rose on Thursday as supply prospects worsened with more excess El Nino-linked rains forecast in top grower Brazil, while arabica coffee hit a one-month low.

* Raw sugar ​​​settled up 0.13 cent, or 0.7%, at 19.47 cents per lb, extending its recovery from Monday's 5.6% Brazilian currency-driven selloff.

* Sugar production in Brazil's key center-south region fell 27.1% in the first half of October from a year earlier to 1.87 million metric tons, the Agriculture Ministry said on Wednesday.

* The country's sugar areas have been battling excess El Nino-linked rains, and more are forecast for this weekend and for next week.

* "Sugar has been supported since July by declining forecasts for global supply, with heat and drought damaging Europe’s beet crop and a lacklustre monsoon lowering expectations for India’s cane crop," added broker AMDIS.

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Official Publisher Attribution: This report is aggregated from LiveMint. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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