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Barchart
Barchart
Rich Asplund

Sugar Prices Gain as Volatile Global Weather Poses Risks to Sugar Output

Brazil India Thailand India Meteorological Department Unica USDA

July NY world sugar #11 (SBN24) Tuesday closed up +0.08 (+0.43%), and Aug London ICE white sugar #5 (SWQ24) closed up +3.50 (+0.63%).

Sugar prices Tuesday rose to 3-week highs and closed moderately higher.  Increasingly volatile weather globally, including in key sugar producers such as Brazil, India, and Vietnam, is raising the risk premium in sugar prices.

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