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Barchart
Barchart
Rich Asplund

NY Sugar Prices Rally on Lower Indian Sugar Production and Strength in Brazilian Real

India Brazil Green Pool Commodity Specialists Thailand USDA

March NY world sugar #11 (SBH25) on Tuesday closed up +0.10 (+0.49%), and May London ICE white sugar #5 (SWK25) closed -5.40 (-0.99%).

NY sugar prices on Tuesday extended the month-long rally to a new 2-month high.  Sugar prices rallied after news on Monday that India's sugar production fell -12% yr/yr to 19.7 MMT in the marketing year-to-date from October 1 through February 15, according to the India Sugar and Bio-Energy Manufacturers Association.

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