Sugar Prices Fall on the Outlook for Ample Global Supplies

May NY world sugar #11 fell 0.11 points (-1.22%) and May London ICE white sugar #5 dropped 1.30 points (-0.31%) as sugar prices extended a week-long slide. NY sugar hit a 5-week low, signaling continued weakness in the softs complex and a cautious near-term tone for sugar futures.

Analysis

May NY world sugar #11 fell 0.11 points (-1.22%) and May London ICE white sugar #5 dropped 1.30 points (-0.31%) as sugar prices extended a week-long slide. NY sugar hit a 5-week low, signaling continued weakness in the softs complex and a cautious near-term tone for sugar futures.