May NY world sugar #11 (SBK24) this morning is up +0.47 (+2.14%), and May London ICE white sugar #5 (SWK24) is up +13.00 (+2.03%).
Sugar prices this morning are sharply higher, with NY sugar climbing to a 1-month high and London sugar posting a 6-week high. Sugar prices have carrryover support from Monday when US sugar producers called for a reduction in sugar imports from Mexico. The American Sugar Coalition called on the US government to lower the amount of sugar Mexico can send to the US by 44%, which would likely boost prices and require the US to purchase sugar from other countries, tapping already tight global sugar supplies.
