ICE sugar eases from Monday’s rally

Published: 02/07/2017, 3:19:00 PM

ICE raw sugar futures ease after a mixed session the previous day, when the front month rose to its highest since November but slumped after stumbling on a key resistance level, according to Reuters.

March raw sugar futures fell 0.12 cents, or 0.57%, to 21.06 cents per lb.

March white sugar down US$2.60, or 0.47%, at US$551.20 a tonne.

The market continued to monitor India, where poor production and high domestic prices have stoked expectations that the world's top sugar consumer could lower import duties.