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Rich Asplund

Sugar Prices Continue Lower on Improved Monsoon Rains in India

Ice India Ethanol ISO London USDA Brazil Deficit FAs ISMA

October NY world sugar #11 (SBV26) today is down -0.04 (-0.27%), and October London ICE white sugar #5 (SWV26) is down -5.00 (-1.08%).

Sugar prices are lower on today’s stronger dollar and on the prospect for improved India sugar output as its monsoon rains continue to improve. India’s Meteorological Department reported on Wednesday that India’s cumulative monsoon rainfall was 19% below normal as of July 22, a substantial improvement from 42% below normal on June 30.

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