May NY world sugar #11 (SBK26) closed down $0.29 (-1.90%) and May London ICE white sugar #5 (SWK26) closed down $6.40 (-1.45%), with prices tumbling to two-week lows. The drop was driven by ramped-up sugar production in India that undercut prices, pressuring producers and weighing on sugar futures.
May NY world sugar #11 (SBK26) closed down $0.29 (-1.90%) and May London ICE white sugar #5 (SWK26) closed down $6.40 (-1.45%), with prices tumbling to two-week lows. The drop was driven by ramped-up sugar production in India that undercut prices, pressuring producers and weighing on sugar futures.
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mildly negative
Sentiment Score
-0.25
