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Barchart

Rich Asplund

Strength in Crude Oil Underpins Sugar Prices

Oil India London NY ISMA Brazil Ethanol ISO Thailand

May NY world sugar #11 (SBK23) on Tuesday closed up +0.07 (+0.31%), and May London white sugar #5 (SWK23) closed up +3.40 (+0.54%).

Sugar prices Tuesday closed moderately higher but remained below Monday's significant highs. On Monday, NY sugar rallied to a 6-1/2 year nearest-futures high, and London sugar rallied to a 10-1/2 year high.

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