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Barchart
Barchart
Rich Asplund

Sugar Prices See Continued Pressure from Improved Supply Outlook

India London Thailand El Nino the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) this morning is up +0.01 (+0.05%), and May London ICE white sugar #5 (SWK24) is down -0.90 (-0.14%).

Sugar prices this morning are narrowly mixed, with London sugar falling to a 2-1/2 week low.  Sugar prices have been under pressure since last Wednesday when Thailand's Office of the Cane and Sugar Board reported that Thailand's 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.

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