Sugar bounced off 20-month low

Note: This section contains information in English only.
Source: Forexpros
Sugar prices erased some of the previous losses due to eased concerns over ample global supplies.  International Sugar Organization reported it expects the global sweetener's surplus to narrow to 3 million tons in 2012-13 season as compared to an oversupply of 6.5 million tons in the current marketing year. Meanwhile, sugar futures for delivery in July traded at 0.2007 US Dollars per pound on the ICE Futures US Exchange, adding 0.8%.


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