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Barchart
Barchart
Rich Asplund

Sugar Prices Fall on Signs of Weak Demand

Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) today is down -0.29 (-1.57%), and May London ICE white sugar #5 (SWK25) is down -7.00 (-1.31%).

Sugar prices today extended their week-long slide to 2-1/2 week lows.  Demand concerns are weighing on sugar prices after sugar traders Wilmar International Ltd and Sucres et Denrees SA took record delivery of 1.7 MMT of raw sugar against the March NY futures contract that expired last Friday.  Large deliveries are typically considered bearish for prices, indicating that sellers have few other markets to sell to.  

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