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Barchart
Barchart
Rich Asplund

Sugar Prices Post Moderate Gains on Limited Rain Prospects in Brazil

Brazil India London Thailand El Nino Unica USDA

May NY world sugar #11 (SBK24) on Thursday closed up +0.29 (+1.33%), and May London ICE white sugar #5 (SWK24) closed up +11.20 (+1.78%).

Sugar prices posted moderate gains on Thursday, with London sugar climbing to a 1-month high.   Concerns about excessive dryness in Brazil have fueled short-covering in sugar futures Thursday based on forecasts for limited rain over the next week in Brazil's Center-South, the country's primary sugar-growing region.

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