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Barchart

Rich Asplund

Sugar Prices Settle Higher on the Outlook for Smaller Brazil Sugar Production

Brazil India Wilmar International London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Monday closed up +0.15 (+0.67%), and December London ICE white sugar #5 (SWZ24) closed up +5.60 (+0.98%).

Sugar prices on Monday settled moderately higher. Sugar moved higher Monday after food processor Wilmar International cut its 2024/25 Brazil Center-South sugar production estimate to 38.2 MMT-39.5 MMT from a September estimate of 38.3 MMT-40.8 MMT, citing limited rain and high temperatures.

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