Sugar prices declined on Thursday: October NY world sugar #11 fell -0.34% to -0.05, and October London ICE white sugar #5 dropped -1.05% (-4.90). The move was attributed to a stronger dollar and expectations for higher Indian sugar output as improving monsoon rains support production. This is a near-term negative for the sugar complex as supply expectations dominate.
Sugar prices declined on Thursday: October NY world sugar #11 fell -0.34% to -0.05, and October London ICE white sugar #5 dropped -1.05% (-4.90). The move was attributed to a stronger dollar and expectations for higher Indian sugar output as improving monsoon rains support production. This is a near-term negative for the sugar complex as supply expectations dominate.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
