July NY world sugar #11 rose 3.17% to close up 0.43, while Aug London ICE white sugar #5 gained 4.34% to close up 19.30. Both contracts rallied sharply, with NY sugar reaching a 2-week high and London sugar hitting a 2.75-month high. The move is positive for sugar prices but is likely more relevant to commodity traders than to broader markets.
July NY world sugar #11 rose 3.17% to close up 0.43, while Aug London ICE white sugar #5 gained 4.34% to close up 19.30. Both contracts rallied sharply, with NY sugar reaching a 2-week high and London sugar hitting a 2.75-month high. The move is positive for sugar prices but is likely more relevant to commodity traders than to broader markets.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.35
