5 days raw sugar futures close higher supply tightening expected to provide support

ICE raw sugar futures closed higher on Thursday, with supply tightening expected to provide support.

ICE's raw sugar futures closed up 0.09 cents, or 0.8 %, at 11.48 cents per pound in October.

Sugar futures closed down $1.40, or 0.4 per cent, at $330.20 a tonne in October.

The European Commission cut sugar production for 2018/19 to 20.1 million tonnes, down from its previous estimate of 20.4 million tonnes.

From: Guangxi Sugar Network