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ICE Sugar Ends Lower Consolidating Below 7-week Peak

10 Jan 2017 10:17 am
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NEW DELHI (Commoditiescontrol) – Sugar futures settled lower in the international market in the previous session after a sharp rally witnessed last week.


On Monday, ICE March raw sugar ended down 0.33 cents or 1.59 percent at 20.42 cents per pound while March white sugar closed off $5.20 or 0.96 percent at $538.20 per tonne.


Sugar prices consolidated below last week's sharp rally to a seven-week high as it appears plenty of sugar at terminals in Brazil waiting to be loaded and the shipping lineup has been reduced, according to market analyst.


(By Commoditiescontrol Bureau; +91-22-40015533)

       
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