White Sugar Market Awaits Large Delivery; Coffee Extends Gains
- December open interest flags big delivery against spot demand
- Arabica coffee futures advance to highest level since 2012
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White sugar prices remain elevated, with the market flagging a substantial delivery against the Intercontinental Exchange’s December contract. Arabica coffee extended its breakneck rally to the highest since 2012.
Open interest on December futures was last at 7,017 lots, equivalent to 350,850 tons of sugar. Last December’s contract saw a 618,300-ton delivery.