Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 09, 2012 11:41:28

Price of sugar declined again



ColosseumSeventh trading session in a row came during Wednesday's trading on the ICE Futures exchange down the price of raw sugar, while a major share of the growing conditions are favorable in the key Brazilian středojižním region. Favorable reports also come from India, where should the local sugar stocks have more than since 2009. The market would be avoided in this case, the banning of exports of this commodity by the Indian government. Most actively traded contract for raw sugar to be delivered in October lost 1.5 percent to close at 21.09 cents per pound. Price of sugar decreases the longest since the end of March 2009. In June and July, however, the price will increase by a total of seventeen percent mainly due to heavy rains in Brazil, which slowed the harvest. and # 160;

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