(Bloomberg) -- Sugar fell in New York on speculation
that India, the second-largest producer, may offer to sell
unrefined supplies of the sweetener, adding to a global surplus.
Investors and traders expect India to issue a tender on
July 23 for up to 265,000 metric tons of raw sugar, according to
a report yesterday by BNP Paribas Commodity Futures Inc. in New
York. Until recently, India only exported white, refined sugar. A
record crop in India may lead the country to double total
exports, a minister said last week.
Read more at Bloomberg Commodities News
that India, the second-largest producer, may offer to sell
unrefined supplies of the sweetener, adding to a global surplus.
Investors and traders expect India to issue a tender on
July 23 for up to 265,000 metric tons of raw sugar, according to
a report yesterday by BNP Paribas Commodity Futures Inc. in New
York. Until recently, India only exported white, refined sugar. A
record crop in India may lead the country to double total
exports, a minister said last week.
Read more at Bloomberg Commodities News
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