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1.Market Observations, 8.Was Sticky

7 June 2017 (AFR) – Plunging sugar price is no health kick

(7 June 2017, AFR, p22, by Rachael Ward)

Sugar price‘A 40 per cent plunge in the price of sugar (see chart at right) has less to do with consumers turning away from sugary drinks and unhealthy food and is instead being driven by a looming supply surplus and speculators shorting the market. Sugar broke an eight-day losing streak on Monday night, finishing up US13.89¢ a pound on hopes that the United States and Mexico will resolve a dispute over sugar exports.’

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