Recent Decline in Sugar Prices Reflects Improved Supply Outlook

Tuesday, 9 July 2024, 18:52

The latest market update reports a significant drop in sugar prices as concerns over supply ease. On Tuesday, October NY world sugar #11 closed down by -2.53% and Aug London ICE white sugar #5 closed down by -1.25%. This decline led to 1-1/2 week low for NY sugar and a 2-1/2 week low for London sugar. The market is reacting to above-normal monsoon rain and other factors affecting the sugar supply, signaling a shift in the pricing trend.
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Recent Decline in Sugar Prices Reflects Improved Supply Outlook

Sugar Prices Update:

The recent market update highlights a notable decline in sugar prices, driven by easing supply concerns.

Key Points:

  • Price Decline: October NY world sugar #11 closed down by -2.53% and Aug London ICE white sugar #5 closed down by -1.25%.
  • Low Points: NY sugar hit a 1-1/2 week low while London sugar reached a 2-1/2 week low.
  • Market Reaction: The drop in prices is attributed to above-normal monsoon rain and other supply-related factors.

In conclusion, the recent decline in sugar prices reflects a changing market dynamic influenced by supply conditions.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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