Sugar May Gain on Potential Export Limits in India, Survey Shows
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Sugar futures may rise on concerns that India, the second-biggest cane grower, may restrict exports to boost domestic inventories, according to a survey.
Seven of 10 traders, analysts and brokers surveyed by Bloomberg News said raw sugar traded in New York will advance next week. One predicted that prices will fall, and two estimated little change. Raw sugar rose 6.3 percent to 28.15 cents a pound yesterday on ICE Futures U.S. in New York, the biggest gain for a most-active contract in six weeks.