International Sugar Market Report 12th May 2020

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New York and London closed lower in correction trading after the big rally of the previous week. Crude Oil and products prices were higher. The recently weaker petroleum futures had made higher priced ethanol that much more expensive to blend and cuts demand. Prices in petroleum futures remained generally firm last week but still have a long way to go before Ethanol processing becomes profitable again. That makes more Sugarcane

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