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Barchart
Barchart
Rich Asplund

Sugar Prices Sink on Expectations for the Global Sugar Surplus to Persist

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May NY world sugar #11 (SBK26) today is down -0.29 (-2.09%), and May London ICE white sugar #5 (SWK26) is down -5.80 (-1.37%).

Sugar prices gave up an early advance today and sold off, with NY sugar sinking to a 5.5-year nearest-futures low.  Sugar prices have been under pressure for the past two weeks amid expectations of abundant global supplies.  

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