Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Prices Sink as Brazil Ramps Up Sugar Production

March NY world sugar #11 (SBH24) on Monday closed down -0.68 (-3.09%), and March London ICE white sugar #5 (SWH24) closed down -14.20 (-2.27%).

Sugar prices Monday sold off sharply, with London sugar posting a fresh 8-1/2 month low and NY sugar holding just above last Thursday's 8-1/2 month low.  Sugar prices have been under pressure for the last five weeks as Brazil ramps up sugar output.  Last Tuesday, Unica reported Brazil's Center-South sugar output rose +35% y/y in the second half of November and that sugar output in the 2023/24 crop year through November rose +23.5% y/y to 40.817 MMT.  Meanwhile, Brazil exported 3.7 MMT of sugar in November, marking a new record for the month.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.