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Rich Asplund

Global Sugar Deficit Fears Underpin Prices

Deficit India London Brazil USDA Covrig Analytics Czarnikow FAs India Meteorological Department ISMA

October NY world sugar #11 (SBV26) closed up +0.27 (+1.63%) on Monday, and October London ICE white sugar #5 (SWV26) closed up +11.80 (+2.31%).

Sugar prices settled sharply higher on Monday, with London sugar posting a 16-month high. The outlook for a global sugar deficit is underpinning sugar prices.

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