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Barchart
Barchart
Rich Asplund

Sugar Prices Slightly Higher as India May Boost Ethanol Prices

India Ethanol ISO Brazil ISMA Thailand USDA FAs London NY

March NY world sugar #11 (SBH26) today is up +0.02 (+0.14%), and March London ICE white sugar #5 (SWH26) is up +1.00 (+0.35%).

Sugar prices rallied to 3.5-week highs today on positive carryover from Tuesday, when India's food ministry said it was considering boosting the price of ethanol used for gasoline blending, which could encourage India's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus reducing sugar supplies.

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