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Friday, February 2, 2018

Pakistan to Expand Sugar-Export Subsidy Program

(Dow Jones) -- Pakistan is continuing to subsidize sugar exports as it tries to reduce large supplies, quadrupling the volume of product eligible for export breaks to 2 million tons, the USDA says. The possibility of increased imports won't help sugar prices, which have been under pressure to start 2018. Exports were about 400,000 tons in the year through September.