May NY world sugar #11 fell $0.29 (-1.99%) and May London ICE white sugar #5 fell $6.40 (-1.49%), extending a week-long decline to three-week lows. A 16% plunge in crude oil is cited as weighing on sugar, suggesting continued downside pressure on sugar futures via biofuel/feedstock linkages and elevated volatility in energy markets.
May NY world sugar #11 fell $0.29 (-1.99%) and May London ICE white sugar #5 fell $6.40 (-1.49%), extending a week-long decline to three-week lows. A 16% plunge in crude oil is cited as weighing on sugar, suggesting continued downside pressure on sugar futures via biofuel/feedstock linkages and elevated volatility in energy markets.
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mildly negative
Sentiment Score
-0.25
