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Rich Asplund

Sugar Prices Extend a Month-Long Rally on Supply Uncertainty

India Brazil Green Pool Commodity Specialists London Thailand USDA

March NY world sugar #11 (SBH25) Friday closed up +0.26 (+1.24%), and May London ICE white sugar #5 (SWK25) closed up +4.80 (+0.86%).

Sugar prices Friday extended their month-long rally to 2-1/4 month highs. Sugar prices saw continued support from Monday's news that India's sugar production fell -12% yr/yr to 19.7 MMT in the marketing year-to-date from October 1 through February 15, according to the India Sugar and Bio-Energy Manufacturers Association.

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