Markets in London Sugar and Cotton Prices Tumble
The London market July 6 reports a slack sugar trade with Muscovados trading at reduced rates and little business. Coffee sales decline as Demerara and Berbice lots sell weakly, amid uncertain demand and extensive imports. Cotton prices improve with Bengal and Pernambuco descriptions rising, while Demerara auctions show reduced demand and prices. Grain and rice show renewed enquiry after price advances, and tobacco and naval stores markets remain subdued with limited activity in rum and hemp.
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