International Sugar Market Report 29 Nov 2018

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Futures closed mostly lower in both New York and London. Ideas for world Sugarcane and Sugar beets production continue to work a little lower, and ideas that Brazil will continue to process Sugarcane for ethanol remain. Unica showed once again this week that refiners are producing much more ethanol than a year ago at the expense of Sugar, and this trend will continue unless prices for Sugar start to increase. Production losses are also expected in India due to hot and dry weather earlier in the growing season

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