date:Jun 12, 2014
trend continuing.
'Lethargic demand'
However, the rally in futures waned as focus returned to the heavy stocks of the sweetener left over from a successions of years of world production surplus.
While the lower production should be seen as bullish, the current burdensome supply and lethargic current demand are keeping the upside in check, Sterling Smith at Citigroup said.
The large supplies and current sluggish demand is keeping prices contained.
July raw sugar futures stood at 16.98 cents