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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on Signs of Better Demand

India Covrig Analytics Deficit Brazil Thailand USDA NY FAs ISMA ISO

March NY world sugar #11 (SBH27) is up +0.31 (+1.67%) today, and December London ICE white sugar #5 (SWZ26) is up +2.20 (+0.43%).

Sugar prices are moving higher today on signs that demand for sugar is better than initially projected. Covrig Analytics estimates 1.45 MMT of sugar will be delivered to settle the October NY sugar contract that expired on Wednesday, down from earlier estimates of 1.80 MMT and a sign of stronger physical demand.

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