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Barchart
Barchart
Rich Asplund

Sugar Prices Retreat on an Improved Supply Outlook and Brazilian Real Weakness

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

October NY world sugar #11 (SBV24) on Thursday closed down -0.42 (-2.17%), and Oct London ICE white sugar #5 (SWV24) closed down -10.20 (-1.84%).

Sugar prices Thursday extended this week's slide, with NY sugar falling to a 3-week low.  Sugar prices are weighed down by negative carryover from Wednesday when Covrig Analytics said it expects the 2024/25 global sugar market to be in surplus by +182,000 MT versus its previous estimate for a -2.6 MMT deficit.

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