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Barchart
Barchart
Rich Asplund

Sugar Prices Supported by a Weaker Dollar and Stronger Global Demand

India London NY Brazil ISO USDA Conab Thailand

October NY world sugar #11 (SBV25) on Tuesday closed up +0.08 (+0.50%), and December London ICE white sugar #5 (SWZ25) closed up +6.00 (+1.30%).

Sugar prices moved higher on Tuesday, with NY sugar posting a 4-week high and London sugar climbing to a 1.5-week high.  Tuesday's weaker dollar (DXY00) is supportive for sugar prices, along with signs of stronger global demand, as Pakistan has placed orders for a total of 320,000 MT of sugar for immediate delivery.  

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