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Barchart

Rich Asplund

NY Sugar Prices See Support From Lower Indian Sugar Production

India Brazil Green Pool Commodity Specialists London Thailand USDA

March NY world sugar #11 (SBH25) is up +0.18 (+0.88%), and May London ICE white sugar #5 (SWK25) is up +5.90 (+1.09%).

NY sugar prices today extended the month-long rally to a new 2-month high. Sugar prices are seeing support after Monday's news 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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