N.Y. March Sugar Higher Wednesday Morning

N.Y. March Sugar little changed early Wednesday. The decision by Brazilian officials to implement a gasoline and diesel tax was considered friendly to Sugar prices . Gas prices will rise in Brazil by 7% in February. The market chatter is that it should increase ethanol demand and sugar used for ethanol production. Chatter of a dryer than normal forecast for Brazil also persists . Last in March Sugar is trading at 15.87 up 0.04