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Barchart
Rich Asplund

Sugar Prices Are Higher But Market Remains Wary about Brazil Crop Estimate

Brazil India London NY Thailand the Indian Sugar and Bioenergy Manufacturers Association the International Sugar Organization Unica USDA

March NY world sugar #11 (SBH25) today is up +0.07 (+0.36%), and March London ICE white sugar #5 (SWH25) closed up +6.20 (+1.21%).

Sugar prices today are trading higher, consolidating mildly above last Thursday's lows, when NY sugar posted a 3-month low and London sugar posted a 4-month low.  Sugar prices today are trading higher but the market remains wary ahead of Unica's report expected later this week of Brazil's sugar production in the first half of December.

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