May NY world sugar #11 fell $0.10 (-0.63%) and May London ICE white sugar #5 fell $0.70 (-0.15%). Prices are under pressure as Brazilian mills shift more cane crushing toward sugar production instead of ethanol, increasing supply (per Unica) and weighing on sugar futures.
May NY world sugar #11 fell $0.10 (-0.63%) and May London ICE white sugar #5 fell $0.70 (-0.15%). Prices are under pressure as Brazilian mills shift more cane crushing toward sugar production instead of ethanol, increasing supply (per Unica) and weighing on sugar futures.
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mildly negative
Sentiment Score
-0.12