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Fundamental Analysis: Seasonal
Price Index March Sugar Contract: Average Monthly Prices Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Avg. 1998 12.8 11.4 9.9 8.8 9.3 8.4 7.5 7.1 7.8 7.2 6.7 6.7 8.6 1999 8.5 9.3 11.5 12.5 12.1 12.5 11.2 10.8 9.6 8.7 7.7 6.9 10.1 2000 9.1 8.6 7.5 7.2 6.0 5.4 5.5 5.9 5.6 4.6 4.4 4.0 6.2 2001 5.5 5.0 4.2 3.8 4.0 5.0 5.8 5.6 6.1 6.1 5.6 5.8 5.2 2002 8.3 9.0 8.6 7.5 6.8 6.9 6.1 6.6 6.8 6.5 7.0 7.6 7.3 2003 8.3 7.6 7.7 7.4 7.0 6.7 6.9 7.4 7.7 8.6 9.8 8.5 7.8 2004 8.6 8.7 9.1 10.3 12.4 10.4 9.8 9.8 10.4 11.3 10.0 10.7 10.1 2005 11.3 11.7 11.6 12.0 13.0 12.9 13.5 14.0 14.8 13.5 14.5 14.7 13.1 2006 14.0 14.4 14.1 12.3 11.4 10.7 10.7 9.7 9.9 9.7 9.0 8.7 11.2 2007 8.5 8.3 7.8 8.3 8.7 8.4 8.8 8.8 8.6 8.9 8.4 8.1 8.5 2008 8.6 8.8 9.0 9.5 9.4 9.1 8.9 8.8 8.7 8.3 8.5 8.8 8.9
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