Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Prices Firm as the ISO Projects a Global Sugar Deficit

March NY world sugar #11 (SBH24) on Tuesday closed +0.05 (+0.18%), and Dec London white sugar #5 (SWZ23) closed +2.70 (+0.36%).

Sugar prices on Tuesday closed moderately higher, with NY sugar posting a 12-year nearest-futures high.  The outlook for tighter global sugar supplies is bullish for prices.  On Monday, the International Sugar Organization (ISO) forecasted that 2023/24 global sugar production (Oct-Sep) will fall -1.2% y/y to 174.8 MMT, and there will be a 2023/24 global sugar deficit of -2.1 MMT.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.