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Market Impact: 0.18

Sugar Prices Slip on Higher Brazil Sugar Production

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesEmerging MarketsMarket Technicals & Flows

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.

Analysis

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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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.12