March NY world sugar #11 (SBH25) Thursday closed up +0.39 (+1.84%), and December London ICE white sugar #5 (SWZ24) closed up +7.10 (+1.32%).
Sugar prices Thursday posted moderate gains on carryover support from the surge in coffee and cocoa prices after the European Parliament moved to seek further changes to its deforestation regulations. If the EU cannot agree on changes to the rules before next month's deadline, the EU Deforestation Regulation will be implemented, which could curb supplies of soft commodities into the EU from countries where deforestation occurs.
