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The Outlook for Tighter Global Sugar Supplies Boosts Prices

SNEX
Commodities & Raw MaterialsCommodity FuturesAnalyst InsightsMarket Technicals & Flows

July NY world sugar #11 is up 0.06 (+0.40%) and August London ICE white sugar #5 is up 4.20 (+0.96%) as prices firm on expectations for tighter global supply. StoneX forecasts the global sugar market will swing to a 550,000 MT deficit, supporting a firmer near-term pricing outlook.

Analysis

July NY world sugar #11 is up 0.06 (+0.40%) and August London ICE white sugar #5 is up 4.20 (+0.96%) as prices firm on expectations for tighter global supply. StoneX forecasts the global sugar market will swing to a 550,000 MT deficit, supporting a firmer near-term pricing outlook.

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