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Barchart
Rich Asplund

FOUND: Sugar prices extend recent losses on global supply optimism - You Need To See This

India NY Brazil London Thailand the Indian Sugar and Bioenergy Manufacturers Association the International Sugar Organization United Kingdom USDA

March NY world sugar #11 (SBH25) today is down -0.20 (-1.02%), and March London ICE white sugar #5 (SWH25) is not trading with markets in the UK closed for the Boxing Day holiday.

NY sugar today tumbled to a 3-1/4 month low.  Sugar prices have been under pressure since last Thursday when India's Food Secretary Chopra said that India may allow sugar exports if there is a surplus once domestic ethanol blending requirements are met.  The Indian government currently estimates a sugar surplus of about 1 MMT this season.

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