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Barchart
Rich Asplund

Sugar Prices Close 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) on Monday closed up +0.03%, and March London ICE white sugar #5 (SWH25) closed up +1.80 (+0.35%).

Sugar prices on Monday closed slightly 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 on Monday closed 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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