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Barchart
Barchart
Rich Asplund

Sugar Prices Fall on Signs of Weak Physical Sugar Demand

October NY world sugar #11 (SBV26) is down -0.21 (-1.18%) today, and December London ICE white sugar #5 (SWZ26) is down -3.80 (-0.75%).

Sugar prices are sliding today on demand concerns. According to McDougall Global Views, current open interest in the October NY sugar contract, which expires today, signals delivery against the contract could equal about 1.8 MMT, above the average of the past six years and a sign of weak physical sugar demand.

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