SLUMP IN SUGAR
Lowest Price Since August (N.Z. Press Assn.—Copyright) LONDON, June 5. The London daily price of sugar, at £lB 10s had reached its lowest level since last August, the “Financial Times" reported. The price showed a fall of nearly £6 a ton on the highest level for this year recorded at the end of January, of January. “Two weeks ago the seamen’s strike had the effect of briefly raising the sugar price to more than £2O a ton, but the depressing world suppydemand position soon tool control again,’ the “Financial Times” said. The over-riding problem of too much sugar and too few buyers was likely to remain and even further depress prices, unless there was i controlled approach to world sugar production in the lona term.
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Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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128SLUMP IN SUGAR Press, Volume CVI, Issue 31079, 7 June 1966, Page 17
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