International Sugar Market Report 03rd Feb 2020

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Both markets closed higher and the predominant trend is still up or sideways to up. The leader is still the White Sugar market in London. There is a shortage of White Sugar in the cash market right now. Brazil could produce more Sugar and less Ethanol due to the current weakness in Crude Oil and Ethanol prices, but the mills need cash and have supported the move by Brazil to produce more Ethanol

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