Sugar Sector no longer sweet:
Try to Exit most of your open position in the Sugar Sector. This is because:
1. Brazil is expected to have a bumper sugar cane crop, production, which is likely to pull the sugar prices down.
2. Ban on Sugar Exports
3. Ethanol Pricing is still undecided etc.
But some sugar stocks still look attractive and they could be purchased for 5 to 6 months time frame.
Best wishes,
Suman Mukherjee
India.
http://finance.groups.yahoo.com/group/SumanSpeaks/
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