The nearby refined white sugar future contract, Oct-18 #5, closed at US$370 per metric ton on Monday—around US$16.78 per cwt. This is the lowest close for a nearby contract since December 2008.
The contract specifies sugar with polarity at or above 99.8. It is traded in NY, London, and Singapore, and has eight contract months: March, May, August, October, and December.
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