International Sugar Market Report 05th December 2017

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Futures were a Little lower in both New York and London on Friday. Futures were lower for the week in new York.. The market faded from recent highs and debates about the amount of sugar available to the market continue. 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. However, the market has been fading against resistance áreas for the last week and might need to correct a bit more before resuming any rally attempt. 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. Sugar production is now below year again levels.

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