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Barchart
Barchart
Rich Asplund

Higher Indian Sugar Production Weighs on Prices

India ISMA Brazil ISO Thailand Ethanol FAs London NY The India Sugar Mill Association

March NY world sugar #11 (SBH26) on Thursday closed down -0.05 (-0.33%), and March London ICE white sugar #5 (SWH26) closed down -1.00 (-0.23%).

Sugar prices finished lower on Thursday, consolidating this week's losses.  On Monday, sugar prices fell sharply to 1.5-week lows amid India's ramped-up sugar production.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT.  The ISMA also reported that 428 sugar mills in India were crushing cane as of November 30, up from 376 a year ago.

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