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Sugar Rally on Stronger Real

Sugar futures rose Thursday after a two-day losing streak as investors looked past the news that India would provide subsidies to encourage sugar exports.

Raw sugar for March delivery gained 3.3% to end at 14.95 cents a pound on the ICE Futures U.S. exchange.

Sugar fell a day earlier as India, the world's second largest sugar producer, approved a plan to offer incentives to sugar cane farmers to reduce the financial burden of millers and encourage exports.

 

 

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