International Sugar Market Report 10th July 2017

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Futures in London and New York were higher, but key resistance near 1400 NY October held once again. The trade is keeping a close eye on the value of the Real for ideas about marketing patterns of the mills. Ideas of increasing Sugar production around the world are keeping sellers in control and overall trends remain down. Daily charts show that the market ould be forming a short term bottom now. Production in India and Thailand is expected to improve.

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