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Rich Asplund

Sugar Prices Mixed on Stronger Thailand Sugar Production and Higher Crude Prices

Thailand India El Nino Ethanol London the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) on Wednesday closed down -0.10 (-0.45%), and May London ICE white sugar #5 (SWK24) closed up +3.80 (+0.59%).

Sugar prices on Wednesday settled mixed. Better-than-expected sugar production in Thailand weighed on coffee prices Wednesday after Vietnam's Office of the Cane and Sugar Board reported that Thailand's 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.

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