Sugar May Rebound as Plunge Lures Buyers, Millers Say
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Raw sugar may rebound as the biggest slump in 22 years attracts buyers amid signs that global demand for the commodity exceeds supply, according to Simbhaoli Sugars Ltd. and other Indian producers.
“The market will come back with solid foundation because physical buyers will become active,” Sanjay Tapriya, finance director at Simbhaoli, a 75-year old mill, said in a telephone interview today.