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Rich Asplund

FOUND: Weather risks underpin sugar prices | Mind Blowing Facts

India International Sugar Organization NY Brazil Deficit Foreign Agricultural Service Thailand USDA London Covrig Analytics

March NY world sugar #11 (SBH27) is up +0.23 (+1.10%) today, and December London ICE white sugar #5 (SWZ26) is up +4.40 (+0.79%).

Sugar prices are climbing today and remain just below recent significant highs. Sugar prices have rallied sharply over the past three weeks, with NY sugar posting a 19-month nearest-futures high on Wednesday and London sugar a 22-month high last Wednesday as ongoing rains in Brazil’s Center-South sugar-growing region slowed harvesting and disrupted cane crushing at Brazil’s sugar mills, curbing supplies.

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