Friday, 06 July 2007

Sugar Falls in New York on Speculation India May Export More Raw Supplies

(Bloomberg) -- Sugar in New York fell on speculation
India, the world's second-biggest producer, may boost exports of
the sweetener.

India's sugar output will rise to 30.4 million metric tons
this year from 20.9 million last year, Ratzeburg, Germany-based
F.O. Licht said in a report this week. India plans to export at
least 500,000 tons of raw sugar between December and March,
Jayanthilal B. Patel, chairman of industry-funded trading firm
Indian Sugar Exim Corp., said last month.


Read more at Bloomberg Commodities News

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