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Barchart
Barchart
Rich Asplund

Sugar Prices Extend Recent Gains on the Outlook for Lower Global Production

London NY Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) Tuesday closed up +0.02 (+0.10%), and May London ICE white sugar #5 (SWK25) closed down -1.90 (-0.34%).

Sugar prices Tuesday extended their week-long rally, with NY sugar posting a 3-week high and London sugar posting a 3-1/2 month high on signs of lower global sugar production.  However, sugar prices gave up most of their advance, with London sugar turning lower on signs of weak Chinese sugar demand after China's General Administration of Customs reported that China's Feb sugar imports tumbled -97% y/y to 20,000 MT.  

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