Market Overview

Sugar Lower

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NY Sugar has moved lower Friday morning. May Sugar is trading 14.37.

India approved export subsidies to export 1.4 million tons of raw sugar and that has pressured the market. India is the world's second-largest producer of sugar.

Sugar has been unable to hold onto gains from early in the week and is now trading a little bit off the recent lows and pretty close to contract lows. Choppy trading is expected with a wide range.

Posted-In: Futures Commodities Markets

 

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