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Barchart
Barchart
Rich Asplund

Sugar Prices Supported by Reduced Brazil Cane Yields

Brazil India NY USDA ISO Thailand Conab London Unica

March NY world sugar #11 (SBH26) on Monday closed up +0.34 (+2.06%), and December London ICE white sugar #5 (SWZ25) closed up +6.90 (+1.51%).

Sugar prices rallied sharply on Monday, with NY sugar posting a 1.75-month nearest-futures high.  Sugar prices rose on carryover support from last Thursday, when Unica reported that the sugar content in Brazil's Center-South sugarcane crush declined, signaling lower sugar production.  The sugar content in crushed cane in the first half of September in Brazil dropped to 154.58 kilograms per ton (kg/ton) versus 160.07 kg/ton a year earlier.  

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