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Rich Asplund

Global Supply Fears Underpin Sugar Prices

India Deficit NY USDA Brazil London United Kingdom Covrig Analytics Czarnikow European Union

October NY world sugar #11 (SBV26) closed up +0.25 (+1.42%) on Monday, and October London ICE white sugar #5 (SWV26) did not trade, with markets closed in the UK for a holiday.

NY sugar settled sharply higher on Monday but remained below last Friday’s significant high as the outlook for a global sugar deficit underpins prices. Sugar prices have rallied sharply over the past month, with NY sugar posting a 16.5-month high last Friday and London sugar posting a 17-month high last Thursday.

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