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Sugar Prices Slide as Monsoon Rains Improve in India

Commodities & Raw MaterialsEnergy Markets & PricesConsumer Demand & RetailMarket Technicals & Flows

Sugar futures fell for a second session, with October NY world sugar #11 (SBV26) down 0.13 (-0.87%) and August London ICE white sugar #5 (SWQ26) down 4.00 (-0.86%) to 2-week lows. The decline was attributed to improving India monsoon rains, which eased concerns about sugar supply tightness.

Analysis

Sugar futures fell for a second session, with October NY world sugar #11 (SBV26) down 0.13 (-0.87%) and August London ICE white sugar #5 (SWQ26) down 4.00 (-0.86%) to 2-week lows. The decline was attributed to improving India monsoon rains, which eased concerns about sugar supply tightness.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20