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Rich Asplund

Global Weather Risks Push Sugar Prices Sharply Higher

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

March NY world sugar #11 (SBH27) is up +0.52 (+2.57%) today, and December London ICE white sugar #5 (SWZ26) is up +15.00 (+2.76%).

Sugar prices are sharply higher today, amid speculation that a super El Niño weather pattern will disrupt global sugar production. Sugar gains accelerated today after weather forecasts called for rains in Brazil to intensify this week, potentially delaying the country’s sugar harvest further.

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