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Barchart
Barchart
Rich Asplund

Sugar Prices Tumble Amid Prospects of Ample Global Supplies

India London NY ISO Ethanol FAs ISMA Oil USDA

May NY world sugar #11 (SBK26) today is down -0.28 (-1.97%), and May London ICE white sugar #5 (SWK26) is down -7.90 (-1.87%).

Sugar prices continued their week-long slide today, with NY sugar dropping to a 1-month low and London sugar falling to a 3-week low.  Negative carryover from Tuesday is weighing on sugar prices, after India's Food Secretary said the government has no plans to ban sugar exports this year, easing concerns that it could divert more sugar to make ethanol following the Iran war disruption to crude oil supplies.  

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