Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Prices Finish Higher and Consolidate Recent Losses

October NY world sugar #11 (SBV25) on Tuesday closed up +0.06 (+0.37%), and October London ICE white sugar #5 (SWV25) closed up +1.10 (+0.23%).

Sugar prices on Tuesday settled higher and recovered some of the past week's losses.  Following 2-month highs posted last Tuesday, sugar prices dropped sharply to 1-week lows on Monday, driven by the outlook for Brazil's sugar mills to increase production.  Covrig Analytics reported Monday that Brazil's sugar mills are prioritizing sugar production over ethanol, crushing more cane for sugar.  This trend is expected to continue as harvesting peaks, driven by drier cane crops that prompt mills to produce more sugar.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.