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Barchart
Barchart
Rich Asplund

Sugar Prices Supported on the Outlook for Limited Rain in Brazil

Brazil India Climatempo London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) today is up +0.05 (+0.23%), and December London ICE white sugar #5 (SWZ24) is up +0.50 (+0.09%).

Sugar prices today are moderately higher on forecasts for reduced rainfall chances in Brazil.  Meteorologist Climatempo reduced the chances for rainfall in Brazil's Center-South to scattered from widespread over the next week.  The Center-South is Brazil's largest sugar-producing region.  

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