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Barchart
Barchart
Rich Asplund

Sugar Prices Tumble on Concern About Weak Chinese Commodity Demand

London NY El Nino Czarnikow India ISO USDA

Oct NY world sugar #11 (SBV23) on Tuesday closed -0.29 (-1.22%), and Oct London white sugar #5 (SWV23) closed -3.40 (-0.50%).

Sugar prices Tuesday posted moderate losses, with NY sugar falling to a 4-week low and London sugar falling to a 2-1/2 week low.  Signs of weak commodity demand in China, the world's second-largest sugar importer, weighed on sugar prices after news that China's July imports fell -12.4% y/y, the biggest decline in 6 months.  

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