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Rich Asplund

Sugar Prices Gain on Signs that Lower Prices are Spurring Demand

India Brazil ISMA ISO Thailand Czarnikow FAs London USDA

March NY world sugar #11 (SBH26) today is up +0.14 (+1.02%), and May London ICE white sugar #5 (SWK26) is down -2.30 (-0.57%).

Sugar prices are mixed today as they consolidate above last week's 5.25-year lows. Mild short covering emerged in sugar today on signs that the plunge in prices has started to spur demand. Several Asian sugar exporters reported emerging demand amid post-Ramadan restocking of sugar supplies.

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