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Rabobank Sugar Quarterly Q3: Is the Worst Over?

2015-10-06 08:50:54| Sugar Industry News

NEW YORK, Oct. 5, 2015 /PRNewswire/ -- Raw sugar prices reached their lowest levels since late 2008, continuing the downward trend in Q3 2015. The weakening Brazilian real, coupled with concerns about the impact of slowing global economic growth on commodity prices in general, saw funds maintaining a net short position for much of the third quarter. It heaps further pressure on a market already groaning under the weight of stocks accumulated over the last five years, according to the Rabobank Sugar Quarterly Q3 report.

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