International Sugar Market Report 02 Nov 2018

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New York and London both closed lower as the US Dollar rallied and the Brazilian Real moved lower. The fundamentals of the market have been changing, so the ability of prices to move much lower at this time might be limited. Ideas of big world production are bearish and have been the reason for the selling, but there are now doubts on just how much production will be seen this year in India. Wire reports indicate that pests have invaded Sugarcane fields and are eating and destroying the crop

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