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Rich Asplund

INSANE: Demand fears undercut sugar prices - The Real Truth

India Deficit USDA NY Brazil Thailand Covrig Analytics FAs ISMA ISO

October NY world sugar #11 (SBV26) closed down -0.19 (-1.07%) on Wednesday, and December London ICE white sugar #5 (SWZ26) closed down -3.20 (-0.63%).

Sugar prices settled lower on Wednesday on concerns over weak demand. According to McDougall Global Views, current open interest in the October NY sugar contract, which expired on Wednesday, signals delivery against the contract could equal about 1.8 MMT, above the average of the past six years and a sign of weak physical sugar demand.

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