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  • Prices have continued moving higher and came close to breaking through USD400/mt in the past couple of weeks.
  • Fund buying is the main cause of this move upwards and remains the main risk to the market.
  • This is despite Indian sugar exports now being available for the world market.
  • And the overall market fundamentals being bearish.
  • We will have to see how much of an appetite the funds have to push the market higher in the face of producer pricing.

No.5 Market

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