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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured as India Boosts Sugar Production and Crude Oil Declines

Oil India The India Sugar Mill Association ISMA ISO Thailand Brazil FAs USDA

March NY world sugar #11 (SBH26) on Monday closed down -0.15 (-0.99%), and March London ICE white sugar #5 (SWH26) closed down -3.00 (-0.70%).

Sugar prices settled lower on Monday due to higher Indian sugar output and a slide in crude oil prices.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct 1-Dec 15 jumped +28% y/y to 7.8 MMT.  

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