International Sugar Market Report 06 Nov 2018

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New York closed lower last week. London was lower as well. Prices fell in part to the weakness in petroleum futures and on ideas that there are plenty of supplies out there. The downside potential of the market should be limited on ideas that world production is in fact dropping and might be less than though just a few weeks ago. Sugar was supported by reduced selling in Brazil due to the stronger Real against the US Dollar

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