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Barchart
Barchart
Rich Asplund

Sugar Prices Settle Mixed on Higher Indian Sugar Production

India ISMA Brazil ISO Thailand FAs London NY USDA

March NY world sugar #11 (SBH26) on Monday closed up +0.02 (+0.14%), and March London ICE white sugar #5 (SWH26) closed down -3.00 (-0.70%).

Sugar prices settled mixed on Tuesday.  Ramped-up sugar production in India is limiting the upside in sugar prices.  Last Monday.  The India Sugar Mill Association (ISMA) reported that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT.  The ISMA also reported that 428 sugar mills in India were crushing cane as of November 30, up from 376 a year ago.

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