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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Higher on the Outlook for Smaller Sugar Output in India

India NY El Nino ISMA Thailand USDA

March NY world sugar #11 (SBH24) on Monday closed up +0.53 (+2.34%), and May London ICE white sugar #5 (SWK24) closed up +12.40 (+2.03%).

Sugar prices rallied Monday, with NY sugar posting a 1-week high.  There was fresh concern about reduced sugar production in India after Sucden Monday predicted India's 2024/25 sugar production would fall -15.3% y/y to 28 MMT.    

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