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White Sugar #5 Dec '24 (SWZ24)

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White Sugar #5 Prices for [[ item.sessionDateDisplayLong ]]
Find the latest White Sugar #5 prices and White Sugar #5 futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Wed, Sep 18th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our White Sugar #5 Historical Prices page.

White Sugar #5 Futures Market News and Commentary

Sugar Prices Finish Sharply Higher on Concern Over Brazil Sugar Production

October NY world sugar #11 (SBV24) Wednesday closed up +1.18 (+5.91%), and December London ICE white sugar #5 (SWZ24) closed up +19.80 (+3.70%).

Sugar prices Wednesday rallied sharply for a second day, with NY sugar posting a 5-1/4 month high and London sugar posting a 2-week high.  Sugar prices are soaring as drought conditions in Brazil threaten its sugarcane crops.  Fund buying this week supports sugar prices after meteorologist Climatempo said most of this week will continue to be hot and dry in Brazil's sugar-producing areas.  

Drought and excessive heat recently caused massive fires in Brazil that have damaged sugar crops in Brazil's top sugar-producing state of Sao Paulo.  Sugar cane industry group Orplana said that as many as 2,000 fire outbreaks affected up to 80,000 hectares of planted sugarcane in Sao Paulo.  Green Pool Commodity Specialists said that as much as 5 MMT of sugar cane may have been lost due to the fires.   Also, Czarnikow cut its Brazil Center-So... Read more

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