May NY world sugar #11 (SBK25) today is down -0.16 (-0.88%), and May London ICE white sugar #5 (SWK25) is down -2.80 (-0.53%).
Sugar prices today gave up an early advance and turned lower on demand concerns. On Wednesday, NY sugar posted a 5-week low, and London sugar dropped to a 2-month low due to worries that consumer demand for sugar would decline as the global trade war escalates and tariffs boost sugar prices for consumers. China raised tariffs on all US goods today to 125% from 84% in retaliation for the US raising tariffs on Chinese goods to 145%. Sugar prices initially moved higher today after the dollar index (DXY00) sank to a 3-year low, boosting most commodity prices.
