Sugar futures seen falling on encouraging export data  Sugar prices have climbed precipitously over the past year as burgeoning global demand, coupled with shocks to supplies, have led prices higher. According to reports, sugar futures are poised to fall as investors speculate that exports will rise.

Reports surfaced this week that Thailand, the world's biggest exporter of sugar, could increase shipments of the commodity by up to five percent next year. What's more, India, which suffered capped exports last year following inclement weather that damaged its crops, could increase exports by 24 percent from year-ago levels, according to a report from Bloomberg. Investors were encouraged by the upbeat reports on exports, experts said.

"With recent talk regarding supplies, it seems that markets are aware of price resistances," Sucden Financial Ltd. senior market strategist Brenda Sullivan said.

On the New York Mercantile Exchange on Tuesday at 10:50 a.m., sugar futures for October delivery were flat, trading at 27 cents per pound, according to CNN Money.

Many industry analysts expect sugar futures will fall through the end of the week on the encouraging worldwide data.
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