Market Overview Sugar futures resumed downward trend driven by improving crop outlooks in key producing countries as well as fund selling. On 23rd June, much of the day’s trading saw prices modestly lower before the settlement trading period when the market collapsed under the weight of large sell order, reported Commonwealth Bank of Australia. The benchmark raw sugar contract for July delivery ended down 70 points at 11.35 cents/lb with second month October losing 65 points to 11.77 cents. White sugar futures in London also ended down with the benchmark August contract shedding US$5.30 to US$345.40 a tonne while second-month… Login to continue

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