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Barchart
Barchart
Rich Asplund

Sugar Closes Higher as Volatile Global Weather Boosts Risk Premium

Thailand India Brazil India Meteorological Department Unica USDA

July NY world sugar #11 (SBN24) on Thursday closed up +0.09 (+0.47%), and Aug London ICE white sugar #5 (SWQ24) closed up +0.50 (+0.09%).

Sugar prices Thursday extended this week's rally to new 3-week highs.   Sugar prices are seeing risk premiums rise from increasingly volatile weather globally, including in key sugar-producing countries such as Brazil, India, and Vietnam.

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