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Barchart
Barchart
Rich Asplund

Sugar Prices Fall as the Global Supply Situation Improves

Conab Brazil El Nino India London USDA

Oct NY world sugar #11 (SBV23) on Friday closed -0.24 (-1.00%), and Oct London white sugar #5 (SWV23) closed -7.80 (-1.12%).

Sugar prices Friday posted moderate losses on negative carryover from Thursday when Conab raised its Brazil 2023/24 sugar production estimate to 40.9 MMT from an April forecast of 38.8 MMT as favorable weather conditions boosted sugarcane yields.  

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