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Barchart
Barchart
Rich Asplund

Sugar Prices Close Slightly Lower as Supply Concerns Fade

India London Thailand Brazil El Nino the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) on Wednesday closed down -0.03 (-0.14%), and May London ICE white sugar #5 (SWK24) closed down -1.60 (-0.25%).

Sugar prices Wednesday fell slightly, with London sugar posting a 2-1/2 week low.  Sugar prices have been under pressure since last Wednesday when Thailand's Office of the Cane and Sugar Board reported that Thailand's 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.

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