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Barchart
Barchart
Rich Asplund

Sugar Prices Give Up Early Gains on the Outlook for a Smaller Sugar Deficit

Deficit ISO the International Sugar Organization Brazil India Ethanol Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Friday closed down -0.02 (-0.09%), and March London ICE white sugar #5 (SWH25) closed down -0.20 (-0.04%).

Sugar prices Friday gave up an early advance and closed slightly lower on negative carryover from Thursday after the International Sugar Organization (ISO) lowered its 2024/25 global sugar deficit forecast and raised its 2023/24 global sugar surplus estimate.

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