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Barchart
Barchart
Rich Asplund

Sugar Prices Undercut by Demand Concerns

October NY world sugar #11 (SBV26) on Friday closed down -0.06 (-0.34%) on Friday, and December London ICE white sugar #5 (SWZ26) closed up +0.20 (+0.04%).

Sugar prices slid to 3-week lows on Friday before recovering slightly to settle mixed. Sugar prices have been under pressure over the past week on demand concerns. 499,350 MT of sugar was delivered against the October London sugar contract that expired on Tuesday, up +91% y/y and one of the largest deliveries for an October contract on record, signaling weak physical demand for sugar.

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