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Barchart
Barchart
Rich Asplund

SHOCKING: Demand concerns knock sugar prices lower - What They Never Told You

India Deficit London USDA Brazil NY Thailand Covrig Analytics FAs ISMA

October NY world sugar #11 (SBV26) is down -0.59 (-3.28%) today, and December London ICE white sugar #5 (SWZ26) is down -15.90 (-3.03%).

Sugar prices extended their week-long slide today and tumbled to 3-week lows on demand concerns. 499,350 MT of sugar was delivered against the October London sugar contract that expired on Tuesday, up +91% y/y and one of the largest deliveries for an October contract on record, signaling weak physical sugar demand.

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