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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by Expectations of Abundant Supplies

India Oil London NY Ethanol ISO FAs ISMA USDA

May NY world sugar #11 (SBK26) today is down -0.01 (-0.07%), and May London ICE white sugar #5 (SWK26) is down -0.40 (-0.10%).

Sugar prices are slightly lower today, pressured by expectations of abundant global supplies.  Last Friday, NY sugar fell to a 5-week low, and London sugar slid to a 1-month low.  Last Tuesday, India's Food Secretary said the government has no plans to ban sugar exports this year, easing concerns that it could divert more sugar to make ethanol following the Iran war disruption to crude oil supplies.  

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