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What is the difference between the rates of sugar in London No. 5 and New York No.11 market?
Wiki User
∙ 13y ago
Multiplying the cents/lb into 22.0426 to convert it into USD/MT for instance if NY market showing 32.5 cents/lb then 32.5*22.0426= 716.3845 USD/MT then you going to deduct the converted NY price from the London price then the difference comes.
Wiki User
∙ 13y ago
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