markettrend766
17-09-2008, 07:19 PM
Sugar futures fell on Tuesday, pulled down by losses in New York and London and as the fall in crude oil prices to seven-months lows below $92 a barrel was seen lowering demand for cane-based biofuels.
"Higher supplies this month had pushed down the prices and now a fall in overseas sugar and crude oil prices is adding to its woes,"
But high supplies in September, expiry of the near-month contract later in the week and weakness in crude oil prices may limit gains later in the day.
MARKETTREND766
"Higher supplies this month had pushed down the prices and now a fall in overseas sugar and crude oil prices is adding to its woes,"
But high supplies in September, expiry of the near-month contract later in the week and weakness in crude oil prices may limit gains later in the day.
MARKETTREND766