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Rich Asplund

MYSTERIOUS: Sugar prices settle mixed on crude oil weakness - What They Never Told You

India NY ISMA London

May NY world sugar #11 (SBK23) on Wednesday closed down -0.17 (-0.69%), and Aug London white sugar #5 (SWQ23) closed up +4.00 (+0.59%).

Sugar prices Wednesday settled mixed. Signs of tighter global supplies have prompted fund buying of sugar futures over the past two weeks, with NY sugar posting an 11-year high Wednesday and London sugar posting an 11-year high last Tuesday.

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