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SUGAR UPDATE Sugar continues to trade at the lower end of the longer term recent ranges, although a technical squeeze off contract lows has followed a one-year severe downtrend. The market is trying become more bullish, arguing large rainfall in Brazil will hamper harvesting and drought in Thailand will hamper additional cane acreage. Volumes have been low for the last couple of weeks with producers standing aside waiting for better levels given the length of time to the October expiry and buyers not being in ...