International Sugar Market Report 03rd June 2020

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New York and London closed higher despite a weakening Real and weaker petroleum prices. Both markets are showing signs of failing just when longer term chart trends were turning up. 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 in the last week but still have a long way to go before Ethanol processing becomes profitable again

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