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Rich Asplund

Sugar Prices Fall as Rain in Brazil Alleviates Drought Concerns

Brazil Drought India Maxar Technologies London Thailand NY the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) today is down -0.32 (-1.42%), and December London ICE white sugar #5 (SWZ24) is down -8.00 (-1.39%).

Sugar prices today dropped to 2-1/2 week lows as forecasted rains for Brazil alleviated drought concerns. Forecaster Maxar Technologies said showers are expected to continue this week across the Center South of Brazil, the country's top sugar-producing region.

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