DJ MARKET TALK: ICE Sugar Consolidates Lower, Pares Some Losses
Published: 03/11/2010, 7:35:02 PM
DJ MARKET TALK: ICE Sugar Consolidates Lower, Pares Some Losses 1419 EST [Dow Jones] - ICE world raw sugar futures settled lower under pressure from continued liquidation amid greater-than expected supplies and lack of end-user demand after a rally to 29-year highs. May sugar settled 42 points lower, or 2%, at 19.27 cents a pound, off of the 19.06 intraday low. More consolidation is in the cards for sugar as end users await bargains and other hope for a bounce to sell into, analysts say. Liffe May white sugar settled down $5.40, or 1% at $531.70 ton. (HEH) Contact us at 212-416-2138 or holly.henschen@dowjones.com (END) Dow Jones Newswires 03-11-10 1430ET Copyright (c) 2010 Dow Jones & Company, Inc. DJ info: 61025 N/DJCS,N/DJOS,N/OSAG,N/OSCM,N/OSTR,N/ALMT,N/CMD,N/CMM,N/DJMT,N/DJWI,N/MKT,N/SCD N/SGR FSN34024 ACTV COMMENTS FOOD GENERAL SUGAR 2010-03-11 19:30:28 UTC ^^^^^^