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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Higher as Rain Prospects Ease in Brazil

Brazil India Climatempo London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Wednesday closed up +0.14 (+0.63%), and December London ICE white sugar #5 (SWZ24) closed up +5.70 (+1.01%).

Sugar prices Wednesday posted moderate gains due to reduced near-term prospects for rain in Brazil's Center-South, the country's main sugar-producing region.  Meteorologist Climatempo now forecasts scattered rain for Brazil's Center-South this week, less than a previous forecast for widespread rain.

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