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Barchart
Barchart
Rich Asplund

Sugar Gains on Concern Rain Could Delay the Brazil Sugar Harvest

Brazil India London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Thursday closed up +0.52 (+2.34%), and December London ICE white sugar #5 (SWZ24) closed up +6.60 (+1.16%).

Sugar prices Thursday rallied to 2-week highs on concern that the heavy rain forecast for Brazil might delay the country's sugarcane harvest and keep sugar supplies tight in the short term.  Meteorologist Climatempo on Thursday forecast heavy rain for Brazil's Center-South, the country's main sugar-producing region, beginning this Saturday.

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