Aug 13 2009 8:04AM
SINGAPORE, August 13 (Reuters) - India, the world's largest sugar consumer, has struck deals to buy up to 150,000 tonnes of South American raw sugar for prompt delivery, defying multi-year high futures prices, dealers said on Thursday.
The majority of the sweetener would come from top producer Brazil, which offered raw sugar at 120 points under New York's front month contract. October raws rose 1.05 cents to end at 22.97 cents per lb on Wednesday, a 28-year high settlement.
The deals were done on Monday but details only emerged later this week, dealers said.
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