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Rich Asplund

REVEALED: Sugar prices extend recent rally as india eases sugar import duties | Vintage Vibes

India Deficit USDA London NY Brazil Covrig Analytics Czarnikow FAs India Meteorological Department

October NY world sugar #11 (SBV26) closed down -0.03 (-0.17%) on Thursday, and October London ICE white sugar #5 (SWV26) closed up +10.00 (+1.84%).

Sugar prices added to this week’s gains on Thursday, with NY sugar posting a 15-month high and London sugar posting a 17-month high. However, prices fell from their best levels and settled mixed on profit-taking by commodity funds in a typical buy-the-rumor, sell-the-fact move.

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