Drought in Brazil's main center-south Sugarcane belt in early 2014 will reduce country's Sugar production this season by 2 million tonnes. The region, which accounts for 90 percent of Brazil's cane, is likely to produce 32.3 million tonnes of sugar in the 2014-15 season, 5.8 percent less than the 34.29 million tonnes the previous year.

US Soybean futures edged lower, but were poised to record weekly gains of nearly 1 percent on concerns over tight old crop supplies after the US Department of Agriculture pegged exports above market expectations. Exports from theUSAhave been better that expected. Indian Soy oil futures rose due to shrugging of losses in the global market.

Sowing of Cotton were lower in India from a year earlier as well as from normal levels, according to Agriculture Ministry. The area under Cotton sowing for the week ended on June 26 were 2.907 million hectares against 5.577 million hectares a year-ago period. A poor start of monsoon season, slowed the overall pace of cotton sowing.

Vietnam, the world's top Robusta Coffee producer, exported an estimated 110000 tonnes (1.83 million bags) of coffee this month, 22.4 percent more than a year ago and below market expectations. May 2014 Coffee exports were revised down to 137400 tonnes, from 170000 tonnes in an earlier estimate, said in the government report.