date:May 03, 2016
Raw sugar futures slumped Thursday despite news that India, the worlds second- largest producer, may look to import sugar this season because of dry weather.
Raw sugar for July delivery fell 0.8% to end at 15.71 cents a pound on the ICE Futures U.S. exchange. The contract has been trading in a tight range between 15.47 and 16.05 cents a pound all week.
However, the worlds largest producer of sugar, Brazil, is having a bumper year with trade group Unica confirming that production has been robus