It’s coming at a time when production is booming, especially in India, the world’s number two sugar producer. Farmers in Thailand are also collecting massive crops. World stockpiles are set to swell to the highest ever this season and stay near the record next year, according to the US department of agriculture. Sugar futures in New York have already slumped 25% in 2018. That’s the biggest loss on the Bloomberg Commodity Index, which tracks returns for 22 components.
"Unless there’s a weather issue, it doesn’t look that the bulls have any hope for a sustained rally," said Donald Selkin, a New York-based chief market strategist at Newbridge Securities, which oversees about $2bn. "Everybody is trying to do away with sugar and sugary products. You see that in supermarkets and grocery stores. Demand is going to remain less than it’s been in recent years. The price is doomed to stay low for a while."
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Collectives, command economy, basic health care benefits, and price controls
A
regulate interstate commerce
Powhatan, Pocahontas's father
Answer:The Battle of Chancellorsville, fought from April 30 to May 6, 1863 in Virginia, is widely considered to be Confederate Gen. Robert E. Lee's greatest victory during the American Civil War. ... defensive positions, opening the door for Lee to hatch the most brilliant offensive plan of his career. ... Did you know?
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