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Barchart
Barchart
Rich Asplund

HISTORICAL FACTS: Sugar prices rebound higher on reduced brazil sugar output in first half of july - The Untold Story

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

October NY world sugar #11 (SBV24) today is up +0.70 (+3.91%), and Oct London ICE white sugar #5 (SWV24) is up +11.60 (+2.22%).

NY sugar prices on Thursday recovered somewhat on short-covering from Wednesday's 1-1/4 year low. Sugar prices have plunged in the past month due to increased Brazilian sugar production, the prospects for improved rain in India and Thailand, and estimates for a 2024/25 global sugar surplus.

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