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Raw sugar may slump 24% on descending
date:Jan 28, 2013
said.

Raw sugar plunged 49 percent from a 30-year intraday high in February 2011 as farmers from Brazil to Thailand expanded cane planting and boosted a global glut. The most-active contract ended little changed at 18.49 cents a pound on the ICE Futures U.S. in New York yesterday, extending this years decline to 5.2 percent after a 16 percent drop in 2012.

The confirmation of the descending triangle given by the downward breakout of 18.8 cent-support calls for the extension of the downward tra

12/24 09:16