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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by Demand Concerns

India Deficit USDA Thailand Brazil London NY Covrig Analytics El Niño FAs

October NY world sugar #11 (SBV26) closed up +0.03 (+0.17%) on Wednesday, and December London ICE white sugar #5 (SWZ26) closed down -2.30 (-0.44%).

Sugar prices fell to 1.5-week lows on Wednesday, but prices recovered from their worst levels to settle mixed. Signs of weak physical demand for sugar weighed on prices Wednesday after 499,350 MT of sugar was delivered against the October London sugar contract that expired on Tuesday, up +91% from the 260,750 MT used to settle the October contract last year and one of the largest deliveries for an October on record.

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