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Barchart
Barchart
Rich Asplund

Sugar Prices Weaken on Trade War Concerns and a Slump in Crude Oil

crude oil Oil London NY Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) Wednesday closed down -0.40 (-1.18%), and May London ICE white sugar #5 (SWK25) closed down -9.90 (-1.89%).

Sugar prices on Wednesday posted moderate losses, with NY sugar falling to a 5-week low and London sugar dropping to a 2-month low.  Global trade war fears are weighing on sugar prices on concern that consumer demand for sugar will decline as the global trade war escalates and tariffs boost sugar prices for US consumers.

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