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Rich Asplund

Sugar Posts Moderate Gains on Global Supply Risks and Brazilian Real Strength

Brazil India Green Pool Commodity Specialists London Thailand USDA

March NY world sugar #11 (SBH25) today is up +0.35 (+1.69%), and May London ICE white sugar #5 (SWK25) is up +6.60 (+1.217%).

Sugar prices today extended their month-long rally to 2-1/4 month highs. Sugar prices today saw continued support from Monday's news that India's sugar production fell -12% yr/yr to 19.7 MMT in the marketing year-to-date from October 1 through February 15, according to the India Sugar and Bio-Energy Manufacturers Association.

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