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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by the Outlook for Bigger Supplies from India

India ISMA Brazil ISO Thailand USDA FAs London NY

March NY world sugar #11 (SBH26) today is down -0.03 (-0.20%), and March London ICE white sugar #5 (SWH26) is down -2.90 (-0.68%).

Sugar prices are moving lower today amid an outlook for larger sugar supplies from India.  On Monday, sugar prices fell sharply to 1-week lows amid India's ramped-up sugar production.  The India Sugar Mill Association (ISMA) reported Monday that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT.  The ISMA also reported that 428 sugar mills in India were crushing cane as of November 30, up from 376 a year ago.

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