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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Below average monsoon rain in india sparks short covering in sugar - What They Never Told You

India Thailand Brazil India Meteorological Department the International Sugar Organization Unica USDA

July NY world sugar #11 (SBN24) today is up +0.02 (+0.11%), and Aug London ICE white sugar #5 (SWQ24) is up +0.30 (+0.05%).

Sugar prices today recovered from early losses and are slightly higher.  Short covering emerged in sugar futures today after the Indian Meteorology Department reported that India has received below-average rainfall during the current monsoon season.

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