Sugar rises on Indian tax cut, fears of underproduction
16 Apr 2009
Liffe’s white sugar future for May 2009 delivery rose more than 4% to an intraday high of $420 a tonne on April 14 before falling back to $393 at expiry on April 15. This was its highest price since August 2008.
The rise followed a decision by the Indian government to lift its 60% import duty on white and refined sugar for up to 1m...
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