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Barchart
Barchart
Rich Asplund

Supreme Court's US Tariff Rebuttal Pushes Sugar Prices Higher

United States India US Supreme Court NY Brazil ISMA Thailand Czarnikow FAs ISO

March NY world sugar #11 (SBH26) on Friday closed up +0.23 (+1.63%), and May London ICE white sugar #5 (SWK26) closed up +3.30 (+0.82%).

Sugar prices rallied sharply on Friday, with NY sugar posting a 1.5-week high.  Sugar prices jumped on Friday after the US Supreme Court struck down President Trump's tariffs, potentially allowing Brazil to export more sugar to the US, which would shrink global supplies.  Friday's weaker dollar ($DXY) was also supportive for most commodity prices, including sugar.  

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