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Barchart
Barchart
Rich Asplund

Sugar Prices Post Moderate Losses as Supply Concerns Ease

May NY world sugar #11 (SBK24) on Tuesday closed down -0.10 (-0.46%), and May London ICE white sugar #5 (SWK24) closed down -4.00 (-0.63%).

Sugar prices on Tuesday extended Monday's losses to 2-1/2 week lows.  Sugar prices have been under pressure since last Wednesday when Thailand'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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