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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by Prospects of Larger Brazil Sugar Output

Brazil India London NY ISO Thailand the Indian Sugar and Bioenergy Manufacturers Association Unica USDA

March NY world sugar #11 (SBH25) today is down -0.17 (-0.86%), and March London ICE white sugar #5 (SWH25) is down -1.90 (-0.37%).

Sugar prices today added to this week's sharp losses, with NY sugar posting a 3-month low and London sugar posting a 4-month low.  Brazil's larger-than-expected sugarcane crush may boost sugar supplies and is bearish for prices.  Last Thursday, Unica reported that Brazil crushed 20.35 MMT of sugarcane in the second half of November, above expectations of 15.5 MMT.  

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