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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Demand worries undercut ny sugar prices | Mind Blowing Facts

NY London Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) Monday closed down -0.13 (-0.72%), and May London ICE white sugar #5 (SWK25) closed up +4.40 (+0.84%).

Sugar prices on Monday settled mixed, with NY sugar falling to a 2-3/4 month low.  Sugar prices are under pressure due to worries that demand for sugar will decline as the global trade war undercuts world economic growth and as the tariffs raise sugar prices for consumers.  China last Friday raised tariffs on all US goods to 125% from 84% in retaliation for the US raising tariffs on Chinese goods to 145%.

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