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Barchart
Barchart
Rich Asplund

Sugar Prices Rise on Hopes of Stronger US Sugar Demand

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October NY world sugar #11 (SBV25) today is up +0.08 (+0.48%), and October London ICE white sugar #5 (SWV25) is up +3.60 (+0.75%).

Sugar prices are moving higher today and posted 1-1/2 month highs on the outlook for stronger US sugar demand.  President Trump on Wednesday said Coca-Cola agreed to use cane sugar in Coke beverages sold in the US instead of high-fructose corn syrup, which could boost US sugar consumption by +4.4% to 11.5 MMT from 11 MMT currently, according to Bloomberg Intelligence.

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