Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Sharply Higher as Gasoline Prices Soar

May NY world sugar #11 (SBK26) on Thursday closed up +0.57 (+3.85%), and May London ICE white sugar #5 (SWK26) closed up +13.80 (+3.16%).

Sugar prices added to this week's sharp rally on Thursday, climbing to 5-month highs.  Soaring gasoline prices are boosting ethanol prices and are bullish for sugar.  Gasoline (RBJ26) rallied to a 3.5-year high on Thursday, which may encourage the world's sugar mills to increase ethanol production at the expense of sugar.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.