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Sugar Prices Sink as India Rules Out Sugar Export Ban

Commodities & Raw MaterialsCommodity FuturesTrade Policy & Supply ChainMarket Technicals & FlowsEmerging Markets

May NY world sugar #11 fell -0.32 (-2.14%) and May London ICE white sugar #5 fell -5.70 (-1.31%), sliding to 2.5-week lows. The drop followed India ruling out a sugar export ban, a development that could increase global supply and pressure prices further.

Analysis

May NY world sugar #11 fell -0.32 (-2.14%) and May London ICE white sugar #5 fell -5.70 (-1.31%), sliding to 2.5-week lows. The drop followed India ruling out a sugar export ban, a development that could increase global supply and pressure prices further.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25