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Barchart
Barchart
Rich Asplund

Sugar Prices Close Moderately Lower as Brazil's Sugar Harvest Picks Up

Brazil India Unica ISMA London

July NY world sugar #11 (SBN23) on Thursday closed down -0.64 (-2.40%), and Aug London white sugar #5 (SWQ23) closed down -12.90 (-1.80%).

Sugar prices Thursday moved lower as the pace of the Brazil sugar harvest picked up.  Unica reported Thursday that Brazil's 2023/24 sugar production through April was up +43.7% y/y at 1.531 MMT.   Also, the percentage of sugarcane crushed for sugar rose to 41.6% from 35.3% last year.  

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