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Barchart
Barchart
Rich Asplund

Sugar Prices Close Lower on the Outlook for Higher EU Sugar Acreage

European Union India Thailand Brazil ISMA USDA

May NY world sugar #11 (SBK24) on Thursday closed down -0.17 (-0.79%), and May London ICE white sugar #5 (SWK24) closed down -6.90 (-1.13%).

Sugar prices on Thursday posted moderate losses on a forecast for higher sugar production in the European Union (EU).  Sugar trader Tereos said it expects EU sugar beet acreage to climb +3% next season.

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