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Sugar Prices Retreat on Long Liquidation Pressures

Source: Nasdaq

Commodities & Raw MaterialsEnergy Markets & PricesCurrency & FXMarket Technicals & Flows

Sugar futures reversed sharply: October NY world sugar #11 (SBV26) fell 3.46% to a close of -0.63, while October London ICE white sugar #5 (SWV26) dropped 1.89% to -9.90. The selloff followed weakness in the Brazilian real that triggered long liquidation in sugar positions.

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