Commodities Buzz: Raw Sugar Futures Test Five Week Low
Global Raw sugar futures dropped below 14 cents a pound to test their five week low after data showed that output in Brazils key Centre South region rebounded and markets continued to eye. a hefty harvest in India. The decline followed the release by cane industry group Unica of data showing that mills in the Centre South, responsible for more than 90% of Brazilian sugar output, produced 3.13m tonnes of sugar in the first half of this month.
Source:India Infoline Published on:27/09/2017