There is no support to keep it at these levels over the next couple of months. It will drift down to 3-4 cent range, then we may get some speculative buyers come in ..on more rumors of course ...probably in August sometime.
Where have you seen support? The price has dropped straight down for 2 months now. Just because it seems to have paused at 8 ..7 ..6 cents ...now approaching 5 ...I don't consider there to be any support there.
yeah I agree and as I posted previously that one sugar deal could have triggered a domino of other contracts and this would be an entirely different story now. Now the worry is how much more will they need to give up to get a first deal done.
I wouldn't be surprised to see Mr.T back and also Ouri. But it won't be for a while.