International Sugar Market Report 08 Nov 2018

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New York and London both closed lower. A weaker Brazilian Real against the US Dollar created some fund selling interest. Prices also 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. There are now doubts on just how much production will be seen this year in India. Wire reports indicate that pests have invaded Sugarcane

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