Market Leader informed
Not long ago Cameroon bought 58.000 tons of sugar for domestic consumption.
33.000 tons came from Brazil. Traders didn’t react to the event with an increase in the demand for sugar, which underlines the confidence in sufficient reserves at the market of sugar and the ability of the world’s leading sugar producers to satisfy the demand.
The sugar price has considerably exceeded the local high. Moreover, the volume of the preceding Daily down-bar remains higher than the volume of today’s one.
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