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Barchart
Rich Asplund

Sugar Prices Retreat as Conab Boosts its Brazil Sugar Production Estimate

Conab Brazil El Nino India London USDA

Oct NY world sugar #11 (SBV23) on Thursday closed -0.19 (-0.79%), and Oct London white sugar #5 (SWV23) closed -6.80 (-0.97%).

Sugar prices Thursday gave up an early advance and turned lower on signs of larger sugar output in Brazil.  Conab on Thursday raised its Brazil 2023/24 sugar production estimate to 40.9 MMT from an April forecast of 38.8 MMT as favorable weather conditions boosted sugarcane yields.  

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