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Rich Asplund

RARE PHOTOS: Possible increase in india s sugar exports weighs on prices | Rare Historical Photos

India London NY Brazil USDA FAs ISMA Thailand

October NY world sugar #11 (SBV25) today is down -0.02 (-0.12%), and October London ICE white sugar #5 (SWV25) is down -0.50 (-0.11%).

Sugar prices today extended this week's slide, with NY sugar posting a 2.5-week low and London sugar posting a 2-week low. Sugar prices are under pressure today due to speculation that India may boost its sugar exports after a Bloomberg report stated that India may permit local sugar mills to export sugar in the next season, which starts in October, as abundant monsoon rains may produce a bumper sugar crop. India's Meteorological Department reported Monday that cumulative monsoon rain in India is 6% above normal as of July 21.

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