International Sugar Market Report 27 Nov 2018

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Futures closed lower in both New York and London on outside markets as the US Dollar was very strong and Crude Oil and gasoline were sharply lower. Ideas for world Sugarcane and Sugar beets production continue to work a little lower. The ISO recently cut its world production estimate from 182.7 million tons to 180.5 million tons and said that there could be a production deficit against demand of about 2.2 million tons. Production losses are expected in India due to hot and dry weather earlier in the growing season and some recent reports of pest attacks

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