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Barchart
Barchart
Rich Asplund

Dollar Weakness Boosts Sugar Prices

March NY world sugar #11 (SBH26) on Tuesday closed up +0.27 (+1.73%), and December London ICE white sugar #5 (SWZ25) closed up +6.80 (+1.53%).

Sugar prices recovered from early losses on Tuesday and moved higher as a weaker dollar prompted short covering in sugar futures.  On Tuesday, NY sugar initially fell to a 3-week low, and London sugar dropped to a 4.25-year nearest-futures low.  The outlook for robust global sugar supplies is weighing on prices.  On Monday, BMI Group projected a global 2025/26 sugar surplus of 10.5 MMT, and last Tuesday, Covrig Analytics projected a global 2025/25 sugar surplus of 4.1 MMT.

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