Sugar prices fell today: October NY world sugar #11 (SBV26) down 0.04 (-0.27%) and October London ICE white sugar #5 (SWV26) down 5.00 (-1.08%). The decline is attributed to a stronger dollar and improving India monsoon conditions that raise expectations for better India sugar output. Overall, the news points to near-term supply improvement pressures.
Sugar prices fell today: October NY world sugar #11 (SBV26) down 0.04 (-0.27%) and October London ICE white sugar #5 (SWV26) down 5.00 (-1.08%). The decline is attributed to a stronger dollar and improving India monsoon conditions that raise expectations for better India sugar output. Overall, the news points to near-term supply improvement pressures.
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mildly negative
Sentiment Score
-0.20
