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Tight supply, China demand trigger surge in white sugar premium

Increasingly tight white sugar supplies early in 2016, as well as buoyant Chinese physical demand and a very poor EU sugar beet crop, are powering the premiums of white sugar prices over raw sugar to contract highs. The spot whites-over-raws premium traded in excess of $90 per tonne on Wednesday, a comfortable profit margin for many sugar refineries around the world. "This…
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