
March NY world sugar #11 (SBH24) on Wednesday closed -0.03 (-0.11%), and Dec London ICE white sugar #5 (SWZ23) closed +3.30 (+0.44%).
Sugar prices Wednesday settled mixed, with NY sugar posting a 2-week low. Sugar prices came under pressure Wednesday after the International Sugar Organization (ISO) raised its 2023/24 global sugar production (Oct-Sep) estimate to 179.9 MMT from a previous estimate of 174.8 MMT and cut its 2023/24 global sugar deficit to -335,000 MT from a prior forecast of -2.1 MMT. London sugar settled moderately higher on short covering as Wednesday was the last trading day for the Dec London white sugar futures contract.