Sugar Prices Decline

Sept. 9 (Bloomberg) — Sugar mills in India, facing a shortage for a second year, may resume imports after global prices plunged 14 percent in the past week, the country’s second-biggest producer said.

Raw-sugar futures for October delivery declined 3.4 percent yesterday to 20.87 cents a pound on ICE Futures U.S. in New York, the lowest closing price for a most-active contract since Aug. 7. Futures rose 0.2 percent to 20.92 cents a pound in after-hours trading at 1:46 p.m. Mumbai time.

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