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Barchart
Barchart
Rich Asplund

Sugar Prices Undercut by the Focus on Global Sugar Surplus

United States USDA London India NY Brazil ISMA Thailand

October NY world sugar #11 (SBV25) on Wednesday closed unchanged, and October London ICE white sugar #5 (SWV25) closed down -0.10 (-0.02%).  Aug London sugar whipsawed on Wednesday on the contract's last trading day.

Sugar prices on Wednesday closed steady to slightly lower.  NY sugar saw some continued support after the USDA announced on Monday that the US will not import any specialty sugar beyond what is required by international trade laws, "in alignment with Secretary Rollins' Farmers First policies."

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