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Barchart
Barchart
Rich Asplund

Sugar Settles Mixed on Forecasts for Rain in India

India London NY El Nino Brazil USDA

Oct NY world sugar #11 (SBV23) on Wednesday closed down -0.11 (-0.43%), and Oct London white sugar #5 (SWV23) closed up +5.10 (+0.70%).

Sugar prices Wednesday settled mixed, with London sugar climbing to a nearly 12-year nearest futures high.   NY sugar Wednesday fell back from a 2-1/4 month high and posted moderate losses on forecasts for rain in India's sugar-producing regions at the end of the week, which could boost India's sugar yields and output and keep the government from imposing a ban on sugar exports.  

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