Thursday, 31 January 2019
Last week sugar prices began at the 13c/lb handle before slowly grinding lower. The MAR19 contract made its high of 13.08c/lb on Monday, before slipping to its low of 12.37c/lb on Friday, closing the week at 12.44c/lb.
The major driver behind the fall in sugar prices was large scale producer selling which swamped spec short covering.
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