DJ MARKET TALK: ICE Sugar Eases In Consolidation; Eyes Brazil
Published: 03/08/2010, 1:40:03 PM
DJ MARKET TALK: ICE Sugar Eases In Consolidation; Eyes Brazil 0835 EST [Dow Jones] - ICE world raw sugar futures are trading off intraday day lows in consolidative trade. May sugar is down 41 points at 21.78 cents a pound, off the 21.70-cent low, and Oct is 17 points lower at 19.76. Futures have been unable to sustain a bounce since dropping from 29-year highs, which leaves May sugar susceptible to more losses within the 20-22 range. Analysts say the market is eyeing weather in Brazil as the new cane harvest approaches there. China's October-February sugar output was down 6.7% from the previous year, the China Sugar Association says. Liffe May white sugar is down $9.50 at $600 a ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-08-10 0835ET Copyright (c) 2010 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 FSN50743 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-08 13:35:58 UTC ^^^^^^