Sugar #16 Nov '24 (SDX24)
Sugar #16 Futures Market News and Commentary
October NY world sugar #11 (SBV26) on Friday closed up +0.23 (+1.59%), and October London ICE white sugar #5 (SWV26) closed up +4.90 (+1.07%).
Sugar prices settled sharply on Friday as short covering emerged over concerns about India’s sugar crop. India’s Meteorological Department said Friday that monsoon rainfall in India during August and September “will likely be below normal.” India’s Earth Science Ministry has warned that this year’s monsoon in India could be the weakest in 11 years. India’s monsoon season runs from June through September.
On Thursday, NY sugar matched a 1-month low posted earlier this month amid the prospects of higher Indian sugar output as monsoon rains had improved. India’s Meteorological Department reported today that India’s cumulative monsoon rainfall was 13% below normal as of July 31, a substantial improvement from 42% below normal on June 30.
On the positive side, Green Pool Commodity Specialists raised their global 2026/27 suga... Read more
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Barchart · Fri Jul 31, 1:53PM CDT
October NY world sugar #11 (SBV26 ) on Friday closed up +0.23 (+1.59%), and October London ICE white sugar #5 (SWV26 ) closed up +4.90 (+1.07%). Sugar...
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September arabica coffee (KCU26 ) on Friday closed up +9.05 (+2.80%), and September ICE robusta coffee (RMU26 ) closed up +2 (+0.05%). Arabica coffee settled...
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