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Barchart
Barchart
Rich Asplund

Sugar Rallies as Rain Could Delay the Brazil Sugar Harvest

Brazil India London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) today is up +0.54 (+2.43%), and December London ICE white sugar #5 (SWZ24) is up +8.80 (+1.54%).

Sugar prices today rallied to 2-week highs on concern that heavy rain forecast for Brazil might delay the country's sugarcane harvest and keep sugar supplies tight in the short term.  Meteorologist Climatempo today is forecast heavy rain for Brazil's Center-South, the country's main sugar-producing region, beginning this Saturday.

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