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Barchart
Barchart
Rich Asplund

Sugar Prices Tumble as India Ramps Up Sugar Production

India Coop Brazil ISMA ISO Thailand USDA FAs London NY

March NY world sugar #11 (SBH26) today is down -0.30 (-1.97%), and March London ICE white sugar #5 (SWH26) is down -11.30 (-2.59%).

Sugar prices are retreating today on ramped-up sugar production in India, after India's National Federation of Cooperative Sugar Factories Ltd reported that Indian sugar production from Oct-Nov jumped +50% y/y to 4.1 MMT.  The Coop reported that 424 sugar mills in India were crushing cane as of November 30, up from 382 a year ago, with 46.8 MMT crushed, up from 33.4 MMT a year ago.

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