Futures were lower and made new lows for the move Chart trends remain down. Futures have been under selling pressure since Mexico said it would not export some Sugar to the US due to a dispute with the US Commerce Department. That means more Sugar could be available to the world market in the short term. The big world producers are producing less Sugar. Indian production estimates have dropped due to the bad monsoon weather and the country probably should import Sugar this year, but might not as the political side remains against the idea.
Please Login to complete View