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Market Impact: 0.3
Sugar Prices Pressured as India Curbs Ethanol Output
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices
March NY sugar #11 fell 0.24 cents (1.15%) and December London white sugar #5 dropped 6.30 (1.14%) after India ordered state-owned fuel retailers to stop procuring ethanol from sugar effective November 1. The policy change points to reduced ethanol demand from sugar, weighing on prices.
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