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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by Above-Average Monsoon Rain in India

October NY world sugar #11 (SBV24) today is down -0.09 (-0.45%), and Aug London ICE white sugar #5 (SWQ24) is down -13.20 (-2.30%).

Sugar prices today fell to 1-week lows.  Above-normal monsoon rain in India may boost sugar output in India and is bearish for sugar prices after the Indian Meteorological Department reported today that India received 225.7 mm of rain during the current monsoon season as of July 7, up +2% from the comparable long-term average of 221.6 mm.

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