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Barchart
Barchart
Rich Asplund

Sugar Climbs on Signs of Robust Demand

NY El Nino ISO London USDA

Oct NY world sugar #11 (SBV23) on Monday closed +0.53 (+2.33%), and Aug London white sugar #5 (SWQ23) closed up +9.90 (+1.56%).

Sugar prices Monday posted moderate gains on signs of strength in demand.   The delivery to settle the  July NY sugar contract, which expired last Friday, totaled 412,400 MT, 70% below the average seen since 2010.  Smaller deliveries are a sign of more robust demand as suppliers aren't holding on to large stockpiles of sugar due to the strength in demand.  

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