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Barchart
Barchart
Rich Asplund

Sugar Prices Consolidate This Week's Gains

India Brazil ISMA ISO Thailand USDA FAs London NY

March NY world sugar #11 (SBH26) today is down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) is unchanged.

Sugar prices today are little changed as they consolidate recent gains.  On Wednesday, sugar prices rose to 3.5-week highs on positive carryover from Tuesday, when India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, which could encourage India's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies.

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