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ICE Sugar Down For Third Session On Weak Crude, Brazilian Real

12 Feb 2019 9:43 am
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MUMBAI (Commoditiescontrol) - March NY world sugar #11 on Monday closed down -0.04 cents to 12.67 cents/lb and March ICE London white sugar closed down 7.60 to 326.30 $/MT a five week low.

Sugar prices moved lower on Monday for a third session with Mar London sugar at a 5-week low. Weakness in crude oil prices and in the Brazilian real on Monday weighed on sugar prices. Crude oil fell to a 3-1/2 week low.

Market may move further down due to expiry of march contract.

(By Commoditiescontrol Bureau)

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