London white sugar futures closed weaker on Wednesday on producer sales against Thursday's EU export tender, traders said. May ended down $1.40 at $264.0 a tonne in light volume of 1,559 lots, having moved between $266.0 and $263.6. August settled down $1.20 at $262.40 in volume of 528 lots after trading from $264.0 to $261.8. "Trade bought in London, and some May-August spreads traded, and there was perhaps some producer selling," a trader said.
Another trader, referring to Thursday's EU sugar export tender, said: "We saw producer sales against the restitution."
Russia refined 577,529 tonnes of white sugar from imported raws from the start of the year to March 11, up 16 percent from 497,632 tonnes by the same date in 2004, the Russian Sugar Producers' Union said on Wednesday.
Black Sea premiums have risen this week on rising Russian raw sugar demand, while India is buying raws on the dips and talk in whites focused on Libyan enquiries, trade sources said on Wednesday.
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