
March NY world sugar #11 (SBH24) on Thursday closed -0.59 (-2.14%), and Dec London white sugar #5 (SWZ23) closed down -12.40 (-1.66%).
Sugar prices Thursday fell back on bearish carry-over from Wednesday's news when Unica reported that Brazil Center-South sugar output in the first half of October rose +22% y/y to 2.247 MMT and that sugar output in the 2023/24 crop year through mid-October rose +23.6% y/y to 34.862 MMT. Also, 49.44% of the crushed sugarcane was used for sugar production this year, an increase from 45.63% last year.