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Market Impact: 0.25

Crude Oil Weakness Spurs a Slump in Sugar Prices

Commodities & Raw MaterialsEnergy Markets & Prices

Sugar futures fell sharply on Friday: October NY world sugar #11 (SBV26) closed down 1.59% (-0.24), while Aug London ICE white sugar #5 (SWQ26) dropped 2.40% (-11.50) to a 1.5-week low. The declines were attributed in part to crude oil weakness, with crude (CLQ26) down about 1% on the day.

Analysis

Sugar futures fell sharply on Friday: October NY world sugar #11 (SBV26) closed down 1.59% (-0.24), while Aug London ICE white sugar #5 (SWQ26) dropped 2.40% (-11.50) to a 1.5-week low. The declines were attributed in part to crude oil weakness, with crude (CLQ26) down about 1% on the day.

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