UNBELIEVABLE: 23 - The Untold Story

India’s rice export ban sparks concern that sugar may be next

NEW DELHI: After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: Sugar.

The Times of India · Aug 7, 2023

NY Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Wednesday closed -0.46 (-2.00%), while Aug London white sugar #5 (SWQ23 ) closed up +1.60 (+0.26%). NY sugar prices on Wednesday extended the sharp 6-session sell-off and fell to a new 2-3/4 month low, generating more technical selling pressure. Sugar prices have...

Barchart · Jun 28, 2023

Sugar Continues Lower on Strong Brazil Production

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.69 (-2.91%), and Aug London white sugar #5 (SWQ23 ) closed down -21.20 (-3.27%). NY sugar prices on Tuesday extended the sharp 5-session sell-off and fell to a new 2-1/2 month low, generating more technical selling pressure. Sugar prices...

Barchart · Jun 27, 2023

Sugar Closes Lower on Weak Chinese Demand and Brazil Sugar Harvest Pressures

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.21 (-0.79%), and Aug London white sugar #5 (SWQ23 ) closed unchanged. Sugar prices Tuesday settled moderately lower. Weakness in sugar demand from China, the world's largest sugar importer, weighed on prices after China's Customs General Administration reported that...

Barchart · Jun 20, 2023

Sugar Prices Follow Crude Oil Higher

July NY world sugar #11 (SBN23 ) on Friday closed up +0.43 (+1.65%), and Aug London white sugar #5 (SWQ23 ) closed up +17.50 (+2.55%). Sugar prices Friday posted moderate gains, with NY sugar climbing to a 1-month high and London sugar climbing to a 2-week high. A rally in...

Barchart · Jun 16, 2023

NY Sugar Moderately Higher on Strength in Crude Oil and Brazilan Real

July NY world sugar #11 (SBN23 ) on Thursday closed up +0.16 (+0.62%), and Aug London white sugar #5 (SWQ23 ) closed down -2.10 (-0.31%). Sugar prices Thursday settled mixed, with NY sugar posting a 1-month high. Sugar found support Thursday on strength in the Brazilian real (^USDBRL), which climbed...

Barchart · Jun 15, 2023

Sugar Pushes Higher as the Brazilan Real Rallies

July NY world sugar #11 (SBN23 ) on Wednesday closed up +0.68 (+2.70%), and Aug London white sugar #5 (SWQ23 ) closed up +7.10 (+1.04%). Sugar prices Wednesday closed moderately higher on strength in the Brazilian real (^USDBRL ), which climbed to a 1-year high against the dollar. The stronger...

Barchart · Jun 14, 2023

Sugar Prices Fall on Ramped-Up Sugar Output in Brazil

July NY world sugar #11 (SBN23 ) on Tuesday closed down -0.31 (-1.22%), and Aug London white sugar #5 (SWQ23 ) closed down -4.60 (-0.67%). Sugar prices Tuesday posted moderate losses on ramped-up Brazil sugar production. Unica on Tuesday reported Brazil's 2023/24 sugar production through May was up +37.7% y/y...

Barchart · Jun 13, 2023

Sugar Prices Firm on Global Weather Concerns

July NY world sugar #11 (SBN23 ) on Monday closed up +0.09 (+0.35%), and Aug London white sugar #5 (SWQ23 ) closed up +3.70 (+0.54%). Sugar prices Monday posted moderate gains. Since last Thursday, sugar prices have carryover support on concerns that an El Nino weather pattern could disrupt global...

Barchart · Jun 12, 2023

Sugar Prices Relinquish Early Gains on Dollar Strength

July NY world sugar #11 (SBN23 ) on Friday closed down -0.10 (-0.39%), and Aug London white sugar #5 (SWQ23 ) closed down -7.90 (-1.15%). Sugar prices Friday gave up an early advance and closed moderately lower. A rebound in the dollar sparked long liquidation in sugar futures after the...

Barchart · Jun 9, 2023