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Barchart
Barchart
Rich Asplund

Sugar Prices Retreat on Demand Concerns

May NY world sugar #11 (SBK24) on Friday closed down -0.60 (-2.77%), and May London ICE white sugar #5 (SWK24) closed down -12.50 (-2.03%).

Sugar prices Friday retreated for a second day and posted 2-month lows.  A large delivery to settle the March NY sugar contract, which expired Thursday, undercut prices with a delivery of 1.3 MMT, the second-largest delivery ever for a March contract.  A large delivery is typically bearish for prices as it signals difficulty finding demand.  

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