Tuesday, 3 May 2011
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Cotton, Sugar Prices Take a Beating
NEW YORK (TheStreet) -- Sugar prices were plummeting as Thailand is expected to flood the market with record output. Official data from Thailand shows that sugar output from the Southeast Asian country will reach about nine million metric tons this year, 30% greater than the 2009 to 2010 crop year. Sugar for July delivery was down 2.3% to 21.73 cents a pound. Meanwhile, official data indicates
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