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Raw sugar futures levels on ICE Futures US at 8:20 am EDT (1220 GMT) Wednesday: May sugar was contract off 0.01 cent at 11.51 cents per lb. Range at 11.41 to 11.65 cents. May contract volume at 4,440 lots.
Market range-bound while waiting for leads - traders. Sugar merchant Czarnikow projected exports from India will top 4.0 million tonnes in the year to September. Philippines to import 170 million litres of ethanol from Brazil and Thailand, the executive director of its Sugar Millers Association said. Open interest in May contract at 321,410 lots. Switch trade seen since contract will expire on April 30.

Copyright Reuters, 2008

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