October NY world sugar #11 (SBV24) today is down -0.39 (-2.11%), and Oct London ICE white sugar #5 (SWV24) is down -7.60 (-1.45).
Sugar prices today are moderately lower. Over the past month, sugar prices have been under pressure on signs of larger global supplies. NY sugar posted a 1-3/4 year nearest-futures low last Monday, and London sugar dropped to a 2-1/3 year low. Unica reported Tuesday that Brazil's Center-South sugar production in the marketing year through July was up by +8% y/y at 20.753 MMT.
