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

Sugar Prices Supported by Rally in Crude Oil to 5-Month High

May NY world sugar #11 (SBK24) today is up +0.31 (+1.38%), and May London ICE white sugar #5 (SWK24) is not trading with markets in Europe closed for the Easter Monday holiday.

Sugar prices this morning are moderately higher, with NY sugar posting a 1-month high.  Today's rally in crude prices (CLK24) to a 5-month high is bullish for sugar.  Strength in crude prices benefits ethanol prices and may prompt global sugar mills to divert more cane crushing toward ethanol production than sugar, thus curbing sugar supplies.

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.