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Sugar Prices Extend Recent Rally as India Eases Sugar Import Duties

Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & Flows

Sugar prices extended gains on Thursday: October London ICE white sugar #5 (SWV26) rose $10.00 (+1.84%) to a 17-month high, while October NY world sugar #11 (SBV26) was slightly lower at -$0.03 (-0.17%) and still near a 15-month high. The move suggests upward momentum in the European contract despite mixed performance in New York.

Analysis

Sugar prices extended gains on Thursday: October London ICE white sugar #5 (SWV26) rose $10.00 (+1.84%) to a 17-month high, while October NY world sugar #11 (SBV26) was slightly lower at -$0.03 (-0.17%) and still near a 15-month high. The move suggests upward momentum in the European contract despite mixed performance in New York.

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