DJ MARKET TALK: Liffe Sugar Rises In Small Bounce
Published: 03/11/2010, 12:30:02 PM
DJ MARKET TALK: Liffe Sugar Rises In Small Bounce 1226 GMT [Dow Jones] Liffe white sugar futures trade higher in a bounce after shaving over 20% off its value since the beginning of the week. Initially it was profit-taking but now the market seems to be refocussing on the fundamentals, and with Brazil and India producing larger crops than was expected, the fundamentals are becoming bearish, says London-based broker. "Things are not as tight as they looked before," says broker. May +$7.30, or 1.4%, at $544.40/ton. New York's most-active raw sugar futures +16 points, or 0.8%, at 19.85 cents a pound. (SMC) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 03-11-10 0726ET 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 FSN32840 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-03-11 12:26:34 UTC ^^^^^^