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Barchart
Barchart
Rich Asplund

Sugar Rallies with Other Soft Commodities on EU Forestation Rules

March NY world sugar #11 (SBH25) today is up +0.43 (+2.03%), and December London ICE white sugar #5 (SWZ24) is up +8.80 (+1.64%).

Sugar prices today are moderately on carryover support from the surge in coffee and cocoa prices after the European Parliament moved to seek further changes to its deforestation regulations.  If the EU cannot agree on changes to the rules before next month's deadline, the EU Deforestation Regulation will be implemented, which could curb supplies of soft commodities from countries where deforestation occurs.

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