International Sugar Market Report 30th November 2017

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Futures were lower in both markets as prices started to fade from strong resistance on the charts. Chart trends are still turning up again longer term as the market rallies in part with strength in energy markets and in part on US Dollar weakness. Brazil features a strong sugarcane crush and continued emphasis on ethanol production and reduced Sugar production as it moves to cover domestic demand at the expense of exports. UNICA earlier this week showed a strong cane crush for for the first half of November, but Sugar production was down compared to last year.

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