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“The long-anticipated auctions have weighed heavily on traders' minds in the futures market which, in part, has contributed to their recent price drop.”
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“Judging from the current sugar price level, the January auction was largely a failure.”
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“But if they were intended to drive down the sugar price, it is misleading and will be largely in vain.”
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“This is neither helpful for them to sharpen competitiveness and nor to the development of the white sugar futures market.”
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