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Barchart
Barchart
Rich Asplund

Sugar Prices Consolidate Recent Losses

October NY world sugar #11 (SBV26) on Monday closed down -0.01 (-0.13%), and October London ICE white sugar #5 (SWV26) closed down -2.70 (-0.57%).

Sugar prices posted modest losses on Monday as they consolidated above last Thursday’s 3-week low. Prices fell to that 3-week low amid an improvement in India’s monsoon rains. India’s Meteorological Department reported on Monday that India’s cumulative monsoon rainfall was 23% below normal as of July 20, a substantial improvement from 42% below normal on June 30.

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