DJ MARKET TALK: Liffe Sugar Rises As Market Consolidates
Published: 03/12/2010, 11:25:04 AM
DJ MARKET TALK: Liffe Sugar Rises As Market Consolidates 1122 GMT [Dow Jones] Liffe white sugar futures trade higher, consolidating after sharp losses. The recent volatility has left participants in the market nervous and the physical market "frozen," says London-based broker. Defaults on contracts set at much higher prices are expected, particularly from price sensitive buyers such as Bangladesh and West Africa, says broker. May white sugar futures +$16.90, or 3.8%, at $548.50/ton. New York's most-active raw sugar futures +55 points, or 2.9%, at 19.82 cents a pound. (sarah.mcfarlane@dowjones.com) Call us in London: 44 20 7842 9415 E-mail: londonsofts@dowjones.com (END) Dow Jones Newswires 03-12-10 0622ET 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 FSN56950 ACTV FINANCIAL FOOD GENERAL STOCKS SUGAR 2010-03-12 11:22:18 UTC ^^^^^^