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Rich Asplund

Sugar Prices Post Moderate Gains on Reduced Sugar Output in India

India ISMA Brazil Green Pool Commodity Specialists London NY Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK25) on Thursday closed up +0.07 (+0.39%), and August London ICE white sugar #5 (SWQ25) closed up +1.60 (+0.32%).

On Thursday's news of reduced sugar output in India, sugar prices posted moderate gains. The Indian Sugar and Bio-Energy Manufacturers Association (ISMA) reported today that India's sugar production from Oct 1-Apr 15 was 25.5 MMT, down -18% from the same period last year.

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