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Barchart
Barchart
Rich Asplund

Sugar Closes Lower on Weak Chinese Demand and Brazil Sugar Harvest Pressures

Brazil China India ISMA El Nino ISO London USDA

July NY world sugar #11 (SBN23) on Tuesday closed down -0.21 (-0.79%), and Aug London white sugar #5 (SWQ23) closed unchanged.

Sugar prices Tuesday settled moderately lower.  Weakness in sugar demand from China,  the world's largest sugar importer, weighed on prices after China's Customs General Administration reported that China's May sugar imports sank -87% y/y to 40,000 MT.

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