July NY world sugar #11 (SBN24) today is up +0.38 (+1.99%), and Aug London ICE white sugar #5 (SWQ24) is up +11.40 (+2.05%).
Sugar prices today climbed to 1-month highs on expectations for fewer sugar exports from India. The Indian government said today that it remains committed to increasing ethanol blending with gasoline. An increase in India's ethanol output could reduce the country’s sugar production and leave less sugar available to export, thus reducing global supplies.
