Sugar futures are sharply lower for a second session, with October NY world sugar #11 down 1.41% and Aug London ICE white sugar #5 down 1.26%, slipping to 2-week lows. The decline is attributed to improving India monsoon rains, which increases expectations for stronger crop supply and weighs on prices.
Sugar futures are sharply lower for a second session, with October NY world sugar #11 down 1.41% and Aug London ICE white sugar #5 down 1.26%, slipping to 2-week lows. The decline is attributed to improving India monsoon rains, which increases expectations for stronger crop supply and weighs on prices.
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mildly negative
Sentiment Score
-0.25
