International Sugar Market Report 10th August 2017

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Futures in London and New York were a little lower on follow through speculative selling. The charts show that futures remain in an overall trading range. The big harvest in Brazil continues, but some of the processing will probably switch now to ethanol due to tax changes this week. The harvest pace has been below last year until now, but is now above a year ago. Production potential in Thailand seems improved for now as monsoon rains have been better than last year.

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