Sugar prices shaken by earthquake

ICE raw sugar futures slid by over 7% to 25.65 cents per lb, the lowest this year on selling following the Japan earthquake and nuclear fears.  This is some way off recent 30 year highs.  Demand is likely to be impacted in the world’s third largest economy.  Meanwhile May white sugar also fell $39.70 to $667.10 per tonne.  The fall in prices which has little to do with the valuation of sugar may pave the way for physical buyers to step in.

 

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