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Barchart
Barchart
Rich Asplund

Sugar Prices Fall on Today's Plunge in Crude Oil Prices

Oil India Ethanol ISMA ISO FAs London USDA

May NY world sugar #11 (SBK26) is down -0.21 (-1.44%), and May London ICE white sugar #5 (SWK26) is down -2.40 (-0.57%).

Sugar prices are trading lower due to today's -11% plunge in crude oil prices.  The sell-off in crude oil prices undercuts ethanol prices, encouraging the world's sugar mills to divert cane crushing away from ethanol production and towards sugar, thereby boosting sugar supplies.

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