New York raw sugar futures rose to a nine-day high on Wednesday, accelerating right before the close as extra buying kicked in once prices broke above the morning high.
Benchmark October sugar at the New York Board of Trade settled up 0.25 cent, or 2.6 percent, at 9.83 cents a lb, having reached 9.87, the highest price since August 15, in the final moments of floor trade.
March sugar went up 0.27 cent to 10.18 as funds rolled out of October long positions, in lieu of outright sales.
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