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Barchart
Barchart
Rich Asplund

Sugar Prices Push Higher on Supply Concerns and Strength in Crude Oil

India London ISMA NY Brazil Thailand

May NY world sugar #11 (SBK23) on Monday closed up +0.11 (+0.53%), and May London white sugar #5 (SWK23) closed up +5.90 (+0.99%).

Sugar prices Monday closed moderately higher, with London sugar posting a 6-1/2 month nearest-futures high.  Sugar found support Monday after S&P Global Commodity Insights cut its 2022/23 global sugar surplus estimate to 600,000 MT from a November estimate of 5 MMT due to weaker-than-expected global sugar production.

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