International Sugar Market Report 1st August 2017

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Futures in London and New York were mixed to a Little lower in consolidation trading. No one wanted to do much before the weekend. It still looks like the market has found a bottom for the short-term, but has not really been able to make a good up trend. Bearish traders are looking at increasing supplies coming to the market, while bullish traders hope for improved demand. The UNICA data supported the bears last week, while reports of flooding in parts of India helped the Bulls. New York is in a trading range for now. The big harvest in Brazil continues.

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