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Barchart
Barchart
Rich Asplund

REVEALED: Higher sugar output in brazil weighs on prices - The Real Truth

Brazil London India USDA NY Thailand Unica

October NY world sugar #11 (SBV25) on Thursday closed down -0.10 (-0.61%), and October London ICE white sugar #5 (SWV25) closed down -2.20 (-0.47%).

Sugar prices settled lower on Thursday, with London sugar posting a 1-week low.  Signs of stronger global sugar production in Brazil are weighing on sugar prices after Unica reported Brazil's Center-South sugar output in the first half of July rose +15% y/y to 3.4 MMT.  Also, the amount of sugarcane being crushed for sugar by Brazil's sugar mills has increased to 54% from 50% the same time last year.

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