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  • The sugar uptrend has come to an end.
  • The recent price rally reached a record $454/mt, but has since fallen to $414/mt.
  • If nothing too drastic changes in the coming weeks, we expect an increase in Indian whites shipments, especially now the Government are reallocating the export quotas.
  • With sugar still paying more than ethanol, Brazilian mills may look to maximise their sugar production.

No.5 Market

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Will Langston

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