Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Continues Lower on Favorable Brazil Weather

July NY world sugar #11 (SBN23) on Friday closed down -0.75 (-3.01%), and Aug London white sugar #5 (SWQ23) closed down -16.60 (-2.46%).

Sugar prices on Friday extended Thursday's sharp sell-off and fell to a 2-month low, generating technical selling pressure.  Sugar prices fell sharply this week, mainly on warmer Brazilian weather forecasts that reduced the chances for damaging frost.  Sugar prices also saw continued carry-over pressure from Sunday's news that China's May sugar imports sank -87% y/y to 40,000 MT.  China is the world's largest sugar importer.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.