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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Lower as Brazil's Sugarcane Crush Accelerates

Brazil India NY London Thailand the Indian Sugar and Bioenergy Manufacturers Association the International Sugar Organization Unica USDA

March NY world sugar #11 (SBH25) Thursday closed down -0.39 (-1.83%), and March London ICE white sugar #5 (SWH25) closed down -7.80 (-1.44%).

Sugar prices Thursday settled moderately lower, with NY sugar falling to a 1-1/2 week low and London sugar sliding to a 1-month low after a larger-than-expected amount of sugarcane was crushed in Brazil in the second half of last month.  On Thursday, Unica reported that Brazil crushed 20.35 MMT of sugarcane in the second half of November, above expectations of 15.5 MMT.  

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