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Barchart

Rich Asplund

EXPLAINED: Signs of weak demand undercut sugar prices | Rare Historical Photos

India Deficit USDA London Thailand Brazil NY Covrig Analytics FAs ISMA

October NY world sugar #11 (SBV26) is down -0.05 (-0.28%) today, and December London ICE white sugar #5 (SWZ26) is down -3.40 (-0.65%).

Sugar prices extended this week’s losses today and fell to 1.5-week lows. Signs of weak physical demand for sugar are weighing on prices today after 499,350 MT of sugar was delivered against the October London sugar contract that expired on Tuesday, up +91% from the 260,750 MT used to settle the October contract last year and one of the largest deliveries for an October on record.

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