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Barchart
Barchart
Rich Asplund

Sugar Prices Rebound Higher on Reduced Brazil Sugar Output in First Half of July

Brazil India Thailand the Indian Sugar and Bioenergy Manufacturers Association Unica USDA

October NY world sugar #11 (SBV24) today is up +0.70 (+3.91%), and Oct London ICE white sugar #5 (SWV24) is up +11.60 (+2.22%).

NY sugar prices on Thursday recovered somewhat on short-covering from Wednesday's 1-1/4 year low. Sugar prices have plunged in the past month due to increased Brazilian sugar production, the prospects for improved rain in India and Thailand, and estimates for a 2024/25 global sugar surplus.

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