July NY world sugar #11 rose 0.16 (+1.15%) and Aug London ICE white sugar #5 gained 12.50 (+2.94%) as prices climbed on concerns that an emerging El Niño could bring a poor monsoon season in India. The weather risk raises supply uncertainty for a major sugar-producing market and is supportive for sugar futures in the near term.
July NY world sugar #11 rose 0.16 (+1.15%) and Aug London ICE white sugar #5 gained 12.50 (+2.94%) as prices climbed on concerns that an emerging El Niño could bring a poor monsoon season in India. The weather risk raises supply uncertainty for a major sugar-producing market and is supportive for sugar futures in the near term.
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mildly positive
Sentiment Score
0.20
