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Barchart
Barchart
Rich Asplund

Sugar Prices Settle Mixed as Supply Concerns Temporarily Ease

ISO the International Sugar Organization India Thailand Brazil El Nino London USDA

March NY world sugar #11 (SBH24) on Friday closed -0.01 (-0.04%), and March London ICE white sugar #5 (SWH24) closed +2.90 (+0.40%).

Sugar prices Friday settled mixed.  Sugar prices have been under pressure since Wednesday when the International Sugar Organization (ISO) raised its 2023/24 global sugar production (Oct-Sep) estimate to 179.9 MMT from a previous estimate of 174.8 MMT and cut its 2023/24 global sugar deficit to -335,000 MT from a prior forecast of -2.1 MMT.  

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