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Market Impact: 0.25

Sugar Prices Sharply Lower on Robust Global Supplies

ICE
Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

May NY world sugar #11 (SBK26) closed down 0.31 (-2.18%), hitting a one-month low, while May London ICE white sugar #5 (SWK26) closed down 8.70 (-2.06%), a three-week low. Sugar prices extended a week-long slide, signaling continued downside pressure in the sugar futures market.

Analysis

May NY world sugar #11 (SBK26) closed down 0.31 (-2.18%), hitting a one-month low, while May London ICE white sugar #5 (SWK26) closed down 8.70 (-2.06%), a three-week low. Sugar prices extended a week-long slide, signaling continued downside pressure in the sugar futures market.

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