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Barchart
Barchart
Rich Asplund

YOU WONT BELIEVE: Sugar prices finish lower on robust brazil sugar output - What They Never Told You

Brazil India NY Thailand London the Indian Sugar and Bioenergy Manufacturers Association Unica USDA

October NY world sugar #11 (SBV24) Friday closed down -0.23 (-1.18%), and Aug London ICE white sugar #5 (SWQ24) closed down -5.80 (-1.05%).

Sugar prices Friday extended this week's decline, with NY sugar dropping to a 2-1/2 week low.  Robust sugar output in Brazil is bearish for prices after Unica reported Thursday that Brazil's sugar production for the 2024/25 crop year through June was up +15.7% y/y at 14.2 MMT.  Also, the percentage of Brazil's 2024/25 sugar cane crop crushed for sugar rose to 48.72% from 47.69% last year.  

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