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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Higher on Concern the US May Curb Sugar Imports From Mexico

United States Mexico India Thailand El Nino Unica USDA

May NY world sugar #11 (SBK24) on Monday closed up +0.10 (+0.46%), and May London ICE white sugar #5 (SWK24) closed up +2.50 (+0.39%).

Sugar prices on Monday posted moderate gains as US sugar producers called for a reduction in sugar imports from Mexico.  The American Sugar Coalition wants the government to lower the amount of sugar Mexico can send to the US by 44%, which would likely boost prices and require the US to purchase sugar from other countries, tapping already tight global sugar supplies.

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