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Rich Asplund

Sugar Prices Consolidate After Recent Surge

India NY London USDA Deficit Brazil Covrig Analytics FAs India Meteorological Department ISMA

October NY world sugar #11 (SBV26) is down -0.35 (-2.09%), and October London ICE white sugar #5 (SWV26) is down -4.10 (-0.80%).

Sugar prices today fell back on some long liquidation pressure after the sharp August rally. Before falling back, NY and London sugar today both posted new 1.25-year nearest-futures highs.

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