DJ MARKET TALK: ICE Sugar Remains Lower On Strong Dollar
Published: 11/20/2009, 4:50:12 PM
DJ MARKET TALK: ICE Sugar Remains Lower On Strong Dollar 1141 EST [Dow Jones] - ICE Mar sugar futures continue to trade under pressure, after touching a 1 1/2-week low, amid wider commodity selling in response to a stronger US dollar and weak equity markets. The USDA revised 2009-10 global sugar output down 6.4 million tons to 153.3 million tons, raw value, citing production losses in top producers Brazil, India, China and Thailand. Global consumption is pegged at 153.7 million tons, down 5.3 million from its May forecast, the USDA says. Volume is pegged 43,302 contracts traded. ICE Mar sugar is down 42 points at 22.32 cents a pound. (TVS) Contact us in Chicago at 312-750-4075; tom.sellen@dowjones.com (END) Dow Jones Newswires 11-20-09 1140ET Copyright (c) 2009 Dow Jones & Company, Inc. DJ info: 61025 N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/CMD,N/CMM,N/DJMT,N/DJWI,N/MKT,N/SCD N/SGR FSN38469 ACTV COMMENTS FOOD GENERAL SUGAR 2009-11-20 16:40:49 UTC ^^^^^^