International Sugar Market Report 21st November 2017

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Futures were higher in both New York and London . The market has found some new buying interest due to less production in Brazil and on ideas that speculators are too short in the market. Chart patterns are bullish, and this is forcing the short to cover these positions. Brazil features reduced sugarcane crush and continued emphasis on ethanol production and reduced Sugar production as it moves to cover domestic demand at the expense of exports.

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