Thursday, July 5, 2007

White Sugar Prices Rise to One-Month High on Speculation Iraq Will Buy

(Bloomberg) -- White sugar futures advanced for a
third consecutive day in London to the highest in a month on
speculation Iraq may have placed an order to import the
sweetener.

``There is talk that they are buying beans, sugar and
foodstuffs,'' Elizabeth Miller, director of research at
RedTower, said in an interview from Aberdeen, Scotland. ``It has
helped the sugar market.''


Read more at Bloomberg Commodities News

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