US MIDDAY: sugar retreats

16 Oct, 2008

Raw sugar futures on ICE Futures US at 1240 GMT. March raw sugar contract down 0.38 cent at 11.33 cents per lb. Trading range 11.32 to 11.75 cents. Volume at 10,886 lots. Sugar's brief two-day rally was scuppered by investor and producer sales as worries that demand will be hit by global economic weakness depressed values, said dealers.

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