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Rich Asplund

Sugar Prices Sink as the Dollar Rallies

India USDA ISO Citigroup Conab Covrig Analytics FAs ISMA

July NY world sugar #11 (SBN26) on Thursday closed down -0.39 (-2.54%), and Aug London ICE white sugar #5 (SWQ26) closed down -12.50 (-2.74%).

Sugar prices fell sharply on Thursday as a rally in the dollar index ($DXY) to a 2-week high spurred long liquidation in sugar futures.

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