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Barchart
Barchart
Rich Asplund

Signs of Tighter Supplies Boosts Sugar Prices

India Brazil Green Pool Commodity Specialists Thailand USDA

March NY world sugar #11 (SBH25) Thursday closed up +0.36 (+1.74%), and May London ICE white sugar #5 (SWK25) closed up +7.80 (+1.42%).

Sugar prices Thursday extended their month-long rally to 2-1/4 month highs.  Sugar prices saw continued support from 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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