March NY world sugar #11 (SBH25) today is up +0.26 (+1.29%), and May London ICE white sugar #5 (SWK25) is up +7.20 (+1.36%).
Sugar prices today extended this week's rally to a new 2-month high on concern about Brazil's sugar crop. Alvean, the world's largest sugar trader, said on Thursday that below-average precipitation in Brazil means sugarcane is underdeveloped in some areas, and if showers remain weak, the sugar harvest that begins in April could be delayed, and sugar production would suffer.
