July NY world sugar #11 fell 0.48 (-3.12%) and Aug London ICE white sugar #5 dropped 13.10 (-2.90%) as sugar prices sold off sharply, with London sugar hitting a 1-week low. The move is being driven in part by a 4% plunge in gasoline prices, which is undermining ethanol demand and pressuring the sugar complex.
July NY world sugar #11 fell 0.48 (-3.12%) and Aug London ICE white sugar #5 dropped 13.10 (-2.90%) as sugar prices sold off sharply, with London sugar hitting a 1-week low. The move is being driven in part by a 4% plunge in gasoline prices, which is undermining ethanol demand and pressuring the sugar complex.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
