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Barchart
Barchart
Rich Asplund

Sugar Prices Rebound on Below-Normal Monsoon Rains in India

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

October NY world sugar #11 (SBV24) today is up +0.50 (+2.60%), and Aug London ICE white sugar #5 (SWQ24) is up +22.40 (+4.09%).

Sugar prices today recovered from early losses and are sharply higher.  Sugar prices rallied today on below-normal monsoon rain in India, the world's second-largest sugar producer.  The Indian Meteorological Department reported today that India received 287.7 mm of rain during the current monsoon season as of July 15, down -2% from the comparable long-term average of 294.2 mm.  

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