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Barchart
Rich Asplund

Sugar Prices Fall Back on Increased Brazil Sugar Output

Brazil India London ISMA ISO NY

May NY world sugar #11 (SBK23) on Wednesday closed down -0.32 (-1.31%), and May London white sugar #5 (SWK23) closed down -8.60 (-1.22%).

Sugar prices Wednesday fell back from 11-year nearest-future highs and closed moderately lower.  An increase in Brazil's sugar output sparked long liquidation pressures in sugar futures after Unica reported that Brazil's 2022/23 sugar production from Oct through March rose +5.2% y/y to 33.728 MMT.

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