The latest sugar rates update from the global commodity markets indicates a sustained downward trend in prices. Meanwhile these sugar rates offer cautious optimism to consumers and policymakers across Asia. Further London sugar has fallen to a five-year nearest-future low. Moreover New York sugar recently touched a three-month low. So expectations of global surpluses have driven signalling of a broad correction. The easing trend brings potential relief to the domestic markets in Pakistan. Pakistan is a place where sugar is both a staple commodity and a politically sensitive item.
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