DJ MARKET TALK: Liffe Sugar Down Despite Recent Off-Take
Published: 03/09/2010, 12:30:03 PM
DJ MARKET TALK: Liffe Sugar Down Despite Recent Off-Take 1228 GMT [Dow Jones] Liffe white sugar futures trade lower despite recent off-take news. "Deficits are being pushed forward" as some importers continue to delay purchases, says London-based broker. Expect the raw sugar market to trade a range between 20 cents a pound and 24 cents a pound in the near term, says broker. Adds, weather developments in Brazil will be key to market fundamentals and price direction in the coming months. May -$14.90, or 2.5%, at $574.90/ton. New York's most-active raw sugar futures -63 points, or 2.9%, at 20.94 cents a pound. (SMC) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 03-09-10 0728ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/ANL,N/CMD,N/DJMT,N/DJWI,N/SCD,N/SGR N/STK FSN42314 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-03-09 12:28:56 UTC ^^^^^^