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Barchart
Barchart
Rich Asplund

Strength in Global Demand Boosts Sugar Prices

India London NY USDA Brazil ISMA Thailand

October NY world sugar #11 (SBV25) today is up +0.42 (+2.60%), and August London ICE white sugar #5 (SWQ25) is up +17.80 (+3.74%).

Sugar prices today are sharply higher, with NY sugar climbing to a 1-week high and London sugar jumping to a 1.5-month high.  Concerns that global sugar supplies may tighten have sparked short covering in sugar futures today after Pakistan said it will import 500,000 MT of sugar and the Philippines said it will import 424,000 MT of sugar.

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