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Barchart
Barchart
Rich Asplund

Demand Concerns Weigh on Sugar Prices

India Deficit USDA Brazil FAs Thailand London NY Covrig Analytics El Niño

October NY world sugar #11 (SBV26) is down -0.02 (-0.11%) today, and December London ICE white sugar #5 (SWZ26) is up +1.30 (+0.26%).

Sugar prices slid to 3-week lows today and then recovered to trade mixed. Sugar prices have been under pressure over the past week on demand concerns. 499,350 MT of sugar was delivered against the October London sugar contract that expired on Tuesday, up +91% y/y and one of the largest deliveries for an October contract on record, signaling weak physical demand for sugar.

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