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Barchart
Barchart
Rich Asplund

Signs of Stronger Global Sugar Demand Lift Prices

Brazil USDA India London NY Pakistan Thailand Unica

October NY world sugar #11 (SBV25) on Monday closed up +0.07 (+0.43%), and October London ICE white sugar #5 (SWV25) closed up +3.80 (+0.82%).

Sugar prices settled higher on Monday as short covering emerged after reports said that Pakistan is looking to buy 100,000 MT of sugar this week after buying a similar amount last week.  Pakistan is boosting its sugar imports in an attempt to stabilize domestic prices.

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