Improved Indian Monsoon Rains Weigh on Sugar Prices

Sugar prices fell, with London ICE white sugar #5 down $15.00 (-3.24%) to a 2.5-week low and October NY world sugar #11 down 0.05 (-0.34%). The decline is being driven by improving India monsoon rains, which signals better crop prospects and adds downside pressure to prices.

Analysis

Sugar prices fell, with London ICE white sugar #5 down $15.00 (-3.24%) to a 2.5-week low and October NY world sugar #11 down 0.05 (-0.34%). The decline is being driven by improving India monsoon rains, which signals better crop prospects and adds downside pressure to prices.