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Barchart
Barchart
Rich Asplund

Sugar Prices Climb as Brazil Cane Yields Decline

March NY world sugar #11 (SBH26) today is up +0.22 (+1.36%), and December London ICE white sugar #5 (SWZ25) is up +5.10 (+1.13%).

Sugar prices are climbing today due to concerns over lower sugarcane yields in Brazil.  Unica reported today that Brazil's Center South sugarcane crush in the first half of September was up +6.9% y/y to 46 MMT.  However, the sugar content in the cane declined, signaling lower sugar production as the sugar content in crushed cane dropped to 154.58 kilogram per ton (kg/ton) versus 160.07 kg/ton a year earlier.  

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