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Barchart
Barchart
Rich Asplund

Sugar Prices Rally as Global Sugar Demand Strengthens

London USDA Brazil India NY China Thailand

October NY world sugar #11 (SBV25) on Wednesday closed up +0.26 (+1.59%), and October London ICE white sugar #5 (SWV25) closed up +11.80 (+2.47%).

Sugar prices rallied sharply on Wednesday, with London sugar climbing to a 5-week high.  Signs of stronger global sugar demand are supporting prices.  China's July sugar imports surged +76% to 740,000 MT, and Pakistan recently tendered for 200,000 MT of refined sugar.

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