Expectations for Abundant Supplies Pressures Sugar Prices
21/5 18:18
July NY world sugar #11 (SBN25 ) Tuesday closed down -0.11 (-0.63%), and August London ICE white sugar #5 (SWQ25 ) closed down -2.40 (-0.49%). Sugar prices on Tuesday settled lower and posted 1-1/2 week lows. Over the past week, expectations for a global sugar surplus have weighed on prices.......