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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Sugar rallies on dollar weakness and strong demand from pakistan - The Untold Story

Pakistan India London NY Brazil ISO USDA Conab Thailand

October NY world sugar #11 (SBV25) today is up +0.15 (+0.94%), and December London ICE white sugar #5 (SWZ25) is up +6.50 (+1.41%).

Sugar prices are moving sharply higher today, with NY sugar posting a 4-week high and London sugar climbing to a 1.5-week high.  Today's dollar weakness (DXY00) is supportive for sugar prices, along with signs of stronger global demand, as Pakistan has placed orders for a total of 320,000 MT of sugar for immediate delivery.  

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