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Barchart
Barchart
Rich Asplund

Sugar Prices Rally on Weather Concerns in India

India El Nino London USDA

Oct NY world sugar #11 (SBV23) on Friday closed up +0.75 (+2.99%), and Oct London white sugar #5 (SWV23) closed up +12.80 (+1.79%).

Sugar prices Friday moved higher as weather concerns in India, the world's second-largest sugar producer, threaten global sugar production.   India's  Jun-Aug monsoon rain was -10% below normal, and in August, India received only 162.7 mm of rain, the least since at least 1901, raising concerns about weaker crop output and the potential for sugar export restrictions.

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