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Barchart
Barchart
Rich Asplund

Sugar Prices Decline as Brazil Boosts Sugar Output

Brazil Unica India USDA FAs London NY Thailand

October NY world sugar #11 (SBV25) today is down -0.09 (-0.55%), and October London ICE white sugar #5 (SWV25) is down -4.50 (-0.96%).

Sugar prices today tumbled to 5-week lows on signs of stronger sugar production in Brazil.  Last Thursday, Unica reported Brazil's Center-South sugar output in the first half of July rose +15% y/y to 3.4 MMT.  Also, the amount of sugarcane being crushed for sugar by Brazil's sugar mills has increased to 54% from 50% the same time last year.

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