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Barchart
Barchart
Rich Asplund

Improved Indian Monsoon Rains Weigh on Sugar Prices

India London ISO USDA Brazil Deficit Ethanol FAs NY

October NY world sugar #11 (SBV26) today is down -0.05 (-0.34%), and Aug London ICE white sugar #5 (SWQ26) is down -15.00 (-3.24%).

Sugar prices are under pressure today, with London sugar falling to a 2.5-week low. An improvement in India’s monsoon rains is weighing on sugar prices. India’s Meteorological Department reported today that India’s cumulative monsoon rainfall was 23% below normal as of July 15, a substantial improvement from 42% below normal on June 30.

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