REPORTS

Chinese imports could exceed demand – ECRUU - Market talk that demand from China is growing was one of the factors pushing up NY sugar futures last week, sources said. Marex Spectron noted that the country could be importing too much sugar, possibly as much as 1.5 mmt above what would be needed to keep stocks in check. Nonetheless, futures dropped again at the start of the week as the weakening US Dollar pushed some funds to liquidate their long.