Sugar price stayed resilient to possible oversupply

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Source: Dukascopy Bank
Agricultural commodities, except for coffee, edged up on Tuesday. Unfavorable weather forecasts in South America lifted price for corn and wheat while sugar futures managed to climb 0.16%. However,  reports on large sugar crops in the EU and Russia coupled with further prospects for increase in Indian exports essentially limited the gains. Sugar may continue to be supported by weaker US Dollar but prospects for further growth in sugar price are very limited.


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Wed, 18 Jan 2012 18:08:32 GMT

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