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Barchart
Barchart
Rich Asplund

INSANE: Sugar prices pressured by an improving supply situation - The Real Truth

March NY world sugar #11 (SBH25) Thursday closed down -0.06 (-0.28%), and March London ICE white sugar #5 (SWH25) closed down -0.20 (-0.07%).

Sugar prices posted modest losses on Thursday and remained under pressure due to improved global sugar supplies.   On Monday, NY sugar posted a 2-1/2 month low, and London sugar posted a 3-week low as the supply situation improved.  On November 21, the International Sugar Organization (ISO) lowered its 2024/25 global sugar deficit forecast to -2.51 MMT, compared to an August forecast of -3.58 MMT.  The ISO also raised its 2023/24 global sugar surplus estimate to 1.31 MMT from an August projection of +200,000 MT.  

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