May NY world sugar #11 (SBK26) rose +0.28 (+1.97%) and May London ICE white sugar #5 (SWK26) rose +11.40 (+2.76%), with London sugar hitting a one-week high. The move is attributed to higher crude oil prices, which encourage global sugar mills to increase ethanol production, providing upward support to sugar futures.
May NY world sugar #11 (SBK26) rose +0.28 (+1.97%) and May London ICE white sugar #5 (SWK26) rose +11.40 (+2.76%), with London sugar hitting a one-week high. The move is attributed to higher crude oil prices, which encourage global sugar mills to increase ethanol production, providing upward support to sugar futures.
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mildly positive
Sentiment Score
0.25
Ticker Sentiment
