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Indian white sugar is offered at lower premiums than Thai
20.08.2010 13:45 "Agro Perspectiva" (Kyiv) —
Indian white sugar was offered at $90 above London futures, much cheaper than Thai whites, dealers said on Thursday, indicating the world’s top consumer is set to enter the export market for the first time in two years.
Offers for Thai white sugar have slipped to around $210 premiums from $250 in July, with deals done at $190 premiums last week, but consumers might start chasing cheaper sugar from India, where domestic prices have dropped due to poor demand and expectations of a bumper crop.
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