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Barchart
Barchart
Rich Asplund

Above-Average Monsoon Rain in India Weighs on Sugar Prices

India ISM Meteorological Department The Indian Meteorological Department Thailand Brazil London NY Unica USDA

October NY world sugar #11 (SBV24) today is down -0.12 (-0.65%), and Oct London ICE white sugar #5 (SWV24) is down -4.70 (-0.89%).

Sugar prices today are moderately lower on optimism that above-average monsoon rains in India will lead to a bumper sugar crop.  The Indian Meteorological Department reported Sunday that India received 579.7 mm of rain during the current monsoon season as of August 11, 7% more than the comparable long-term average of 481.9 mm.  India's monsoon season runs from June through September.

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