DJ MARKET TALK: Liffe Sugar Tumbles On Profit Taking
Published: 03/10/2010, 10:45:02 AM
DJ MARKET TALK: Liffe Sugar Tumbles On Profit Taking 1043 GMT [Dow Jones] Liffe white sugar futures fall sharply as profit taking pressures the market, says Andrey Kryuchenkov, commodities analyst at VTB Capital. The "biggest fear" in the market is of a bumper Brazilian crop, says Kryuchenkov. Adds raw sugar is well supported at 18 cents a pound. May white sugar futures -$28.80, or 5.2%, at $526.50/ton. New York's most-active raw sugar futures -111 points, or 5.5%, at 19.21 cents a pound. (SMC) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 03-10-10 0543ET 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 FSN53727 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-03-10 10:43:28 UTC ^^^^^^