date:Sep 28, 2018
Raw sugar futures in New York fell to a new 10-year low on news that India approved a new USD765 million aid package for its domestic sugar industry, partly to facilitate at least 5 mln tonnes of sugar exports in 2018/19 (Oct/Sep).
The nearby contract for October delivery, which will expire at the end of this week, ended down 46 points, or 4.4%, at 9.90/lb, the markets first finish below the 10/lb threshold since June 2008. The intraday high of 9.88/lb was also a new 10-year low with the intrad