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Rich Asplund

INSANE: Sugar prices slip on weakness in crude oil prices - The Real Truth

Oil India London Brazil ISMA

May NY world sugar #11 (SBK23) on Thursday closed down -0.01 (-0.04%), and May London white sugar #5 (SWK23) closed down -3.70 (-0.53%).

Sugar prices Thursday gave up an early advance and closed slightly lower after a decline of more than -1% in crude oil prices (CLM23) sparked long liquidation in sugar futures. Weaker crude prices undercut ethanol prices and may prompt the world's sugar mills to divert more cane crushing toward sugar production than ethanol, thus boosting sugar supplies.

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