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Barchart
Rich Asplund

Sugar Prices Undercut by Chinese Demand Concerns

India NY ISMA ISO Brazil Thailand Czarnikow FAs USDA

March NY world sugar #11 (SBH26) on Thursday closed down -0.18 (-1.23%), and May London ICE white sugar #5 (SWK26) closed up +0.80 (+0.20%).

Sugar prices gave up an early advance on Thursday and settled mixed, with NY sugar falling from a 3-week high.  Sugar prices came under pressure on Thursday after the Financial Times reported that China is considering higher taxes on beverages with the highest sugar content, potentially reducing demand for sugar in China.  

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