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Barchart
Barchart
Rich Asplund

Sugar Prices Supported by Signs of Stronger Global Demand

Brazil London India USDA NY Pakistan Conab FAs Thailand

October NY world sugar #11 (SBV25) on Thursday closed up +0.01 (+0.06%), and October London ICE white sugar #5 (SWV25) closed up +4.80 (+0.98%).

Sugar prices settled higher on Thursday, with London sugar reaching a six-week high.  Sugar prices rose on Thursday after Pakistan said it is seeking 100,000 MT of refined white sugar.  Pakistan's government said back in June that it would import as much as 750,000 MT of sugar this year to ensure domestic availability at affordable prices.

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