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Rich Asplund

Improved Monsoon Rains in India Undercut Sugar Prices

Ice India Ethanol ISO London USDA Brazil Deficit FAs ISMA

October NY world sugar #11 (SBV26) on Wednesday closed down -0.14 (-0.94%), and October London ICE white sugar #5 (SWV26) closed down -4.60 (-0.98%).

Sugar prices settled lower on Wednesday as India’s monsoon rains continue to improve. India’s Meteorological Department reported on Wednesday that India’s cumulative monsoon rainfall was 19% below normal as of July 22, a substantial improvement from 42% below normal on June 30.

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