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Barchart
Barchart
Rich Asplund

Sugar Prices Climb as Conab Cuts its Brazil Sugar Production Estimate

Conab Brazil India ISM Thailand ISO London NY USDA

October NY world sugar #11 (SBV24) today is up +0.24 (+1.36%), and Oct London ICE white sugar #5 (SWV24) is up +8.40 (+1.660%).

Sugar prices today are moderately higher after Conab, Brazil's government forecasting agency, cut its 2024/25 Brazil Center South sugar production estimate to 42 MMT from a previous forecast of 42.7 MMT, citing lower sugarcane yields due to drought and excessive heat.  

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