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Barchart
Barchart
Rich Asplund

Sugar Prices Plunge as NY July Futures Contract Expires

NY India USDA Brazil ISMA Thailand

July NY world sugar #11 (SBN25) Monday closed down -0.33 (-2.09%), and August London ICE white sugar #5 (SWQ25) closed down -11.80 (-2.43%).

Sugar prices retreated on Monday, with NY sugar falling to a 4-1/4 year nearest-futures low.  Concerns about demand have sparked the liquidation of the July NY sugar futures contract, as worries mount about a large delivery of sugar ahead of the contract's expiration on Monday.  

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