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  • Prices have remained above USD$400/mt over the last two weeks.
  • Higher white sugar prices are leading to lower demand as buyers look to reduce stock before securing further tonnage.
  • Returns for re-export refiners remain strong, however, making physical sales may be challenging with reduced demand.
  • Indian whites export volume is below that we would expect at this price.
  • Speculators continue to build on their record long position; fund selling is a significant threat to the market.

No.5 Market

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Will Langston

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