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Market Impact: 0.22

Sugar Prices Underpinned by Global Supply Concerns

Commodities & Raw Materials

Sugar prices moved higher: October NY world sugar #11 (SBV26) is up +0.20 (+1.33%) and October London ICE white sugar #5 (SWV26) is up +6.30 (+1.33%), with London hitting a 4-week high. After a 5-month low last Thursday, prices have rebounded on continued strength into today’s session.

Analysis

Sugar prices moved higher: October NY world sugar #11 (SBV26) is up +0.20 (+1.33%) and October London ICE white sugar #5 (SWV26) is up +6.30 (+1.33%), with London hitting a 4-week high. After a 5-month low last Thursday, prices have rebounded on continued strength into today’s session.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.18

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