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Barchart
Barchart
Rich Asplund

Sugar Prices Rebound as Pakistan Seeks to Boost Sugar Imports

Pakistan India USDA Brazil ISMA Thailand

July NY world sugar #11 (SBN25) today is up +0.18 (+1.13%), and August London ICE white sugar #5 (SWQ25) is down -7.50 (-1.55%).

Sugar prices today are mixed.  Short covering emerged in sugar futures today after Pakistan's government announced that it plans to import 250,000 metric tons of raw sugar due to a disappointing sugarcane harvest.  Dollar weakness (DXY00) today has also prompted some short covering in sugar futures.

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