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Sugar #11 May '19 (SBK19)

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Sugar #11 Prices for [[ item.sessionDateDisplayLong ]]
Find the latest Sugar #11 prices and Sugar #11 futures quotes for all active contracts below.
[[ timeframe ]] futures price quotes as of Thu, Mar 28th, 2024.
Latest price quotes as of [[ snapshotDate ]].
[[ timeframe ]] futures price quotes, based on [[ timeframe ]] data.
Looking for expired contracts? Check out our Sugar #11 Historical Prices page.

Sugar #11 Futures Market News and Commentary

Sugar Prices Close Lower as Brazil Ramps Up Sugar Production

May NY world sugar #11 (SBK24) on Wednesday closed down -0.20 (-0.89%), and May London ICE white sugar #5 (SWK24) closed down -7.80 (-1.19%).

Sugar prices on Wednesday posted moderate losses due to higher sugar production in Brazil.  Unica reported Wednesday that Brazil's Center-South sugar output in the first half of March was 64,000 MT, up +313% from the same time last year.  Also, Brazilian sugar output so far in the 2023-24 marketing year through mid-March is up +25.8% y/y to 42.245 MMT.  Brazil's sugar mills have ramped up their cane crushing for more sugar and less ethanol.  Mills have crushed 48.96% of total cane for sugar production this year, up from 45.93% last year.

On Tuesday, NY sugar posted a 1-month high, and London sugar posted a 6-week high on carryover support from Monday when US sugar producers called for a reduction in sugar imports from Mexico.  The American Sugar Coalition called on the US government to lower the amount of sugar Mexico can send to t... Read more

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