Sugar Down 3%

Sugar is trading lower Thursday and is trading is weak. May Sugar was trading at 14.52, down about 3 percent. Market chatter about dollar strength and weak energy and uncertainty about demand has pressured sugar. Some talk about India sugar exports has surfaced. Market chatter is fluid and some are talking about sugar exports being a point of discussion at a cabinet meeting in India. Chatter that government export incentives for 1.4 million tons of raw sugar is on the table.