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Bullish trend arrested in sugar

Bullish trend arrested in sugar

JUNE 12 2018


A week long bullish trend was arrested in the sugar market as mills sold the commodity 10-20 lower than the previous day on slack demand. On Monday about 16 mills sold 14,000-15,000 bags at 20 lower at 2,980-3,080 for S-grade and 3,080–3,200 for M-grade. Bombay Sugar Merchants Association spot rates: S-grade 3,190-3,301and M-grade 3,260-3,470. Naka delivery rates: S-grade 3,200– 3,250 and M-grade 3,220-3,350.




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