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  • Oct 28th, 2005
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Raw sugar prices flat on Thursday in a range-bound session featuring small speculators, with operators saying the market will likely stay in a band due to a dearth of leads, brokers said.

The New York Board of Trade's key March raw sugar contract settled unchanged at 11.78 cents a lb, dealing from 11.61 to 11.80 cents. May shed 0.02 to 11.69 cents. The rest ranged from 0.02 cent down to up 0.01 cent.

Traders said the benchmark March contract has been sloshing between 11.60 and 11.86 cents all of this week, gyrating from one end to the other daily. Volume done before the end of trade hit 1,423 lots, from the previous tally of 1,400 lots.

Copyright Reuters, 2005


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