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Barchart
Barchart
Rich Asplund

Sugar Prices Give Up Early Gains as Chinese Sugar Demand Shrinks

London NY Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) today is up +0.02 (+0.10%), and May London ICE white sugar #5 (SWK25) is down -2.30 (-0.41%).

Sugar prices today extended their week long rally, with NY sugar posting a 3-week high and London sugar posting a 3-1/2 month high on signs of lower global sugar production.  However, sugar prices gave up their advance on signs of weak Chinese sugar demand after China's General Administration of Customs reported that China's Feb sugar imports tumbled -97% y/y to 20,000 MT.  

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