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Rich Asplund

FORGOTTEN HISTORY: Improved monsoon rains in india undercut sugar prices - Caught on Camera

India ISO London USDA Brazil Deficit Ethanol FAs NY

October NY world sugar #11 (SBV26) today is down -0.21 (-1.41%), and Aug London ICE white sugar #5 (SWQ26) is down -5.90 (-1.26%).

Sugar prices are sharply lower today for a second session and slid to 2-week lows. An improvement in India’s monsoon rains is weighing on sugar prices after India’s Meteorological Department reported today that India’s cumulative monsoon rainfall was 19% below normal as of July 13, a substantial improvement from 42% below normal on June 30.

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