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Barchart
Barchart
Rich Asplund

Sugar Mixed after Uncertainty about India's Sugar Exports

India Thailand El Nino London Brazil NY USDA

March NY world sugar #11 (SBH24) on Wednesday closed -0.01 (-0.04%), and Dec London white sugar #5 (SWZ23) closed +2.90 (+0.39%).

Sugar prices on Wednesday climbed to 1-month highs but settled mixed.  Sugar on Wednesday initially moved higher on the outlook for reduced sugar supplies from India after India's Directorate General of Foreign Trade said the government will continue its curbs on sugar exports beyond Oct 31.  However, sugar prices gave up most of their gains when the  Directorate General did not mention how long the export restrictions would last or the amount of sugar exports India would allow for the 2023/24 season.

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