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Sugar margin changes by ICE since 2009Reuters: ICE Futures US has raised margins for trading raw sugar twice this month amid mounting concerns that the worst drought in decades currently scorching in Brazil will delay crushing and damage the quality of the crop from the world’s No. 1 producer. The Atlanta-based exchange has increased the price of trading by $ 200, or 40%, since 5 Feruary. The spot raw sugar contract on ICE Futures US rallied 0.39 cent, or 2.4%, to settle at 16.72 cents a lb, after hitting 16.79 cents, its highest price since December. |