Sugar futures in China fall amid oversupply in global market

Source: Bloomberg
© Scanpix/RS
Sugar futures traded in China dropped on Monday after the country's government announced a program of purchases totaling 300,000 tons of local sugar, the amount is expected to be small to absorb a global-market oversupply. Refined sugar for delivery in September, the most actively-traded contract, declined by 0.7% to 5,162 yuan, or $841, a metric ton.

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