TIGHT FAR EAST FREIGHT SPACE HITS SUGAR MARKET The Far Eastern sugar market is being hit by a tightening in available nearby freight space needed to move raw sugar to various destinations, notably from Thailand, traders said. This has resulted in a hardening of freight rates in those areas. These are now being quoted between 12.5 and 17.5 dlrs a tonne per day, depending on shipment and destination, against recent fixings below 12 dlrs a tonne. Charterers are considering combining contracted shipments because of inadequate space, shipping sources said, noting 13 raws cargoes are awaiting shipment from various ports. A cargo of Thai raw sugar was reported traded at basis July New York futures less 25 points for June/July 15 shipment, traders said. But others said this was old business.