World sugar prices to end 2018 sharply lower as global glut weighs
Updated : August 03, 2018 07:27 AM IST
Sugar prices are seen recovering slightly from the three-year lows hit on Wednesday, but the market is still on course to post an overall steep decline for the year.
Spot raw sugar prices are expected to finish the quarter at 11.50 cents per lb and to end the year at 12 cents, up 14.5 percent from Wednesday's close but still down nearly 21 percent on the year, according to the median estimate of responses.
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