Sugar #11 May '26 (SBK26)
Sugar #11 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Thursday closed up +0.40 (+2.44%), and October London ICE white sugar #5 (SWV26) closed up +11.00 (+2.17%).
NY and London sugar prices rallied on Thursday but remained below Wednesday’s respective 1.25-year nearest-futures highs.
Sugar prices on Thursday rallied amid ongoing concerns about a weather-related decline in global sugar production. Due to drought and hot weather in Europe, sugar production in the European Union and the UK is set to decline to 14.98 MMT this year, the lowest level in 11 years, according to data from S&P Global Energy.
Also, India’s Meteorological Department reported Thursday that India’s cumulative monsoon rainfall (June-Sep) was 12% below normal as of August 13, unchanged from the previous several days, but a substantial improvement from 42% below normal on June 30. On July 31, India’s Meteorological Department said that monsoon rainfall in India during August and September “will likely be below n... Read more
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October NY world sugar #11 (SBV26 ) on Thursday closed up +0.40 (+2.44%), and October London ICE white sugar #5 (SWV26 ) closed up +11.00 (+2.17%). NY...
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