ICE raw sugar futures hit a 2.5-week low on Friday, posting a second consecutive weekly loss, Nasdaq reported.
October raw sugar SBc1 fell 0.33 cents, or 1.4%, to 23.69 cents a pound, hitting its lowest level since mid-July. The contract lost 1% in a week after losing 4.4% last week.
Dealers noted limited supply news, adding that sugar was trying to gain a foothold around 24 cents and that relatively high white sugar prices should encourage processors to buy more raw materials for processing.
They said Brazilian factories were selling shares after the currency fell nearly 3% against the dollar as the Brazilian central bank cut interest rates.
The Food and Agriculture Organization of the United Nations said its sugar price index fell nearly 4% in July, marking a second straight month of decline on the back of favorable supply prospects in Brazil and India.
October LSUC1 white sugar fell $12.80, or 1.8%, to $686.20 a metric ton.