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Barchart
Barchart
Rich Asplund

Sugar Prices Close Steady to Higher But Market Remains Wary about Brazil Crop Report

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 Tuesday closed unchanged, and March London ICE white sugar #5 (SWH25) closed up +6.20 (+1.21%).

Sugar prices on Tuesday consolidated 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 Tuesday saw support but the market remains wary ahead of Unica's report expected later this week about Brazil's sugar production in the first half of December.

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