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Rich Asplund

Sugar Prices Pressured by Strong Brazil Sugar Production

Brazil Thailand NY India London Unica USDA

July NY world sugar #11 (SBN24) on Wednesday closed down -0.22 (-1.17%), and Aug London ICE white sugar #5 (SWQ24) closed down -10.70 (-1.93%).

Sugar prices on Wednesday settled moderately lower but remained above Tuesday's major lows. NY sugar on Tuesday posted a 1-1/2 year nearest-futures low, and London sugar dropped to a 1-1/4 year low.

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