International Sugar Market Report 9th Jan 2019

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New York and London closed sharply higher on a weaker Real against the US Dollar and stronger world petroleum prices. The market is still keeping an eye on petroleum futures, and March Crude Oil futures are now testing an important resistance area. Crude Oil shows signs of bottoming, but has not yet turned trends up. Brazil has been using a majority of its Sugarcane harvest to produce ethanol this year instead of Sugar

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