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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Lower on Dollar Strength

Brazil India Thailand London NY Unica USDA

July NY world sugar #11 (SBN24) on Tuesday closed down -0.31 (-1.60%), and Aug London ICE white sugar #5 (SWQ24) closed down -8.40 (-1.47%).

Sugar prices Tuesday gave up most of Monday's advance due to a stronger dollar.  Increased sugar output in Brazil is also bearish for prices.  Unica reported on June 14 that Brazil's sugar production for the 2024/25 crop year through May was up +11.8% y/y at 7.837 MMT.  Also, the percentage of Brazil's 2024/25 sugar cane crop crushed for sugar rose to 47.88% from 46.68% last year.

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