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Barchart
Barchart
Rich Asplund

Sugar Prices Supported by News of Increased Pakistan Sugar Imports

Pakistan India USDA Brazil ISMA Thailand

July NY world sugar #11 (SBN25) Friday closed up +0.22 (+1.39%), and August London ICE white sugar #5 (SWQ25) closed down -7.30 (-1.51%).

Sugar prices on Friday settled mixed.  Short covering emerged in sugar futures on Friday after Pakistan's government announced plans to import 250,000 metric tons of raw sugar due to a disappointing sugarcane harvest.  The dollar's weakness (DXY00) on Friday also prompted some short covering in sugar futures.

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