Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 04, 2013 14:16:28

Sugar on ICE Futures U.S. fell from monthly highs

ColosseumThe biggest drop in prices in the last eight weeks noted in yesterday's trading session on the exchange ICE Futures U.S. The most active futures contract for raw sugar. It was a response to signs of continued weak global demand at a time when supply is more than sufficient. The volume of sugar loading dropped this week in Brazilian ports by 7.2% compared to the previous week. According to the group Unica should Brazilian sugar production in the marketing year beginning April 1 increase over the previous period by up to 9%. Raw sugar futures for the March delivery date fell during yesterday on ICE Futures U.S. exchange by 3% to the closing price of 19.10 cents per pound weight. Same direction then continues development of the price of that futures contract also present during the day, yet decrease by 0.13 to 18.97 cents per pound.

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