London white sugar futures settled slightly weaker on speculative and trader selling on Friday, traders said. "I think the March contract in London has some trouble staying above $300," one trader said, noting there was some profit-taking following a run-up earlier this week.
Front-month March, which climbed to a 3-week high of $301.30 per tonne on Thursday, concluded down $2.20 at $296.80 per tonne, having moved from $296.20 to $299.50. Volume on the March contract was a light 1,470 lots.