date:Jul 26, 2012
The refined sugar variety was $121.51 a metric ton more expensive than raw sweetener on Tuesday. That compares with $110.97 a ton two weeks earlier. Sugar prices in India climbed to the highest in 18 months because of a delay to the monsoon rains, Green Pool Commodity Specialists Pty Ltd., a researcher based in Brisbane, Australia, said in a weekly report.
High internal prices in India may divert sugar from exports, Nick Penney, a senior trader at London-based broker Sucden Financial Ltd, said