International Sugar Market Report 06th December 2017

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Futures were a little higher in New York and a little lower in London on Friday. Futures were lower for the week in New York. 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 areas for the last week and might need to correct a bit more before resuming any rally attempt. In fact, London turned its trends down on Monday. 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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