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Barchart
Barchart
Rich Asplund

Sugar Prices Rally on Lower Indian Sugar Production and Strength in Brazilian Real

India Brazil Green Pool Commodity Specialists London Thailand USDA

March NY world sugar #11 (SBH25) is up +0.08 (+0.39%), and May London ICE white sugar #5 (SWK25) is down -5.50 (-1.01%).

NY sugar prices today extended the month-long rally to a new 2-month high.  Sugar prices rallied today after news on Monday that India's sugar production is down -12% yr/yr to 19.7 MMT in the marketing year through February 15 (that began on October 1), according to the India Sugar and Bio-Energy Manufacturers Association.

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