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Barchart
Barchart
Rich Asplund

Sugar Prices Finish Lower on Robust Brazil Sugar Output

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

October NY world sugar #11 (SBV24) Friday closed down -0.23 (-1.18%), and Aug London ICE white sugar #5 (SWQ24) closed down -5.80 (-1.05%).

Sugar prices Friday extended this week's decline, with NY sugar dropping to a 2-1/2 week low.  Robust sugar output in Brazil is bearish for prices after Unica reported Thursday that Brazil's sugar production for the 2024/25 crop year through June was up +15.7% y/y at 14.2 MMT.  Also, the percentage of Brazil's 2024/25 sugar cane crop crushed for sugar rose to 48.72% from 47.69% last year.  

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