NY Sugar Prices Consolidate Above a 5.5-Year Low

Sugar prices finished mixed: May NY world sugar #11 fell 0.04 (-0.30%) while Aug London ICE white sugar #5 rose 4.40 (+1.05%) to a 1-week high. The article notes sugar has been under pressure for the past three weeks, indicating a modestly soft technical backdrop despite the day’s split performance.

Analysis

Sugar prices finished mixed: May NY world sugar #11 fell 0.04 (-0.30%) while Aug London ICE white sugar #5 rose 4.40 (+1.05%) to a 1-week high. The article notes sugar has been under pressure for the past three weeks, indicating a modestly soft technical backdrop despite the day’s split performance.