date:Dec 06, 2013
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ICE raw sugar futures were down 0.1 cent or 0.6 percent at 16.58 cents a lb on Thursday, near a three-month trough of 16.55 cents, and well below 19 cents a lb, considered to be a level at which Indian mills would be hoping to export.
Mills in India are struggling because they have to pay supported cane prices to farmers, while domestic and international sugar prices remain depressed.
Crushing was delayed as farmers in Uttar Pradesh and other states demanded an increase in the cane price to