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Barchart
Barchart
Rich Asplund

Sugar Posts Moderate Gains on Signs of Lower Sugar Output in India

India ISM Thailand the Indian Sugar and Bioenergy Manufacturers Association Brazil Unica USDA

October NY world sugar #11 (SBV24) Tuesday closed up +0.11  (+0.58%), and Oct London ICE white sugar #5 (SWV24) closed up +1.90 (+0.35%).

Sugar prices on Tuesday climbed to 1-week highs and posted moderate gains after the Indian Sugar and Bio-energy Manufacturers Association (ISM) projected India's 2024/25 sugar production would fall by 2% y/y to 33.31 MMT.  

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