Sugar prices rise after Indian watchdog ruling |
Financial Times 27 May 2009 In: Industry news
| |
Sugar prices in London and New York rose yesterday after regulators in India surprised investors with a ruling that no new sugar futures contracts could be launched and that traders could not take fresh positions in any of the existing 2009 contracts, the Financial Times reports.
Liffe August refined sugar rose 2.1 per cent to $451.3 a tonne while, in New York, ICE July raw sugar added 1.7 per cent to 15.96 cents a pound.
Read the full story on ft.com