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Barchart
Barchart
Rich Asplund

Sugar Prices Under Pressure as Supply Concerns Ease

Thailand India El Nino London the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) this morning is down -0.04 (-0.19%), and May London ICE white sugar #5 (SWK24) is down -2.50 (-0.39%).

Sugar prices on Tuesday extended Monday's losses to 2-1/2 week lows.  Sugar prices have been under pressure since last Wednesday when Thailand's Office of the Cane and Sugar Board reported that Thailand's 2023/24 sugar production from Dec-Mar was 8.75 MMT, above a Feb estimate from the Thai Sugar Millers Corp for sugar production of 7.5 MMT.

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