International Sugar Market Report 29 Oct 2018

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New York and London closed higher and made new highs for the move as the market starts to worry about overall world production. Sugar prices are still low enough that Brazil mills are refining for ethanol, and there are production losses in other parts of the world, but especially in India. The rally has been caused by the strengthening Real as well as ideas of reduced overall production in Brazil and India. Wire reports from India indicate that pests have invaded Sugarcane fields and are eating and destroying the crop

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