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Sugar Prices Spur Demand, Cattle Goes Down

May 12, 2010 at 22:32 by Vladimir Vyun

Raw-sugar prices surged today as a previous decline of the prices spurred demand for the sweetener. Pakistan bought 200,000 metric tons of white sugar last week and plans to purchase another 600,000 tons. Analysts say that prices look very attractive to consumer, which may result in increase to $0.155. July delivery for raw sugar climbed $0.0076 (5.5 percent) to $0.1467 per pound on ICE Futures U.S. in New York.

Cattle futures dropped to the two-week low on speculation that expensive beef will diminish demand in the U.S. Price for wholesale choice beef reached today the highest level since July 2008. High U.S. unemployment rate causes doubts in an ability of the economy to support higher prices. June futures for cattle delivery slid $0.011 (1.1 percent) to $0.957 per pound on CME.

If you have any questions and comments on the commodities today, use the form below to reply.

One Response to “Sugar Prices Spur Demand, Cattle Goes Down”

  1. yusra

    plz mail me the record prices of sugar of Pakistan in table form which i need 4 my thesis

    [Reply]

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