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Barchart
Barchart
Rich Asplund

Sugar Closes Lower on Brazil Sugar Harvest Pressures

Brazil El Nino London USDA

Oct NY world sugar #11 (SBV23) on Monday closed -0.09 (-0.38%), and Aug London white sugar #5 (SWQ23) closed 1.10 (-0.17%).

Sugar prices Monday closed slightly lower.  Drier conditions in Brazil have sped up Brazil's sugar harvest and are weighing on prices.  The improving weather conditions in Brazil have also prompted sugar trader Czarnikow to raise its 2023 Center-South sugar production forecast by 500,000 MT to 38.2 MMT.  

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