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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on the Outlook for Small Sugar Output in India

India Brazil Green Pool Commodity Specialists London Thailand USDA

May NY world sugar #11 (SBK25) today is up +0.41 (+2.20%), and May London ICE white sugar #5 (SWK25) is up +13.20 (+2.52%).

Sugar prices today climbed to a 1-1/2 week high and are moderately higher.  Sugar prices rallied today on concerns about tighter global supplies after the Indian Sugar and Bio-energy Manufactures Association cut its 2024/25 India sugar production forecast to 26.4 MMT from a January forecast of 27.27 MMT, citing lower cane yields.

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