Prices for world sugar vary: rising in New York, falling in London due to the EU's production forecast for sugar.

On Tuesday, at the October trading session in New York City, the international commodity paper representing the global sugar No. 11 (SBV24) concluded the trading session with a growth of +0.38 (20.61; +1.88%). At the same time, in the August exchange trading in London, white sugar No. 5 (SWQ24) closed with a decrease of -1.60 (584.30; -0.27%). The information is provided by Barchart.

Prices for sugar on Tuesday showed movement in opposite directions, advancing in New York and reaching the highest level in the last 2.5 months. Unstable rainfall in Brazil prompted a short-covering of sugar positions in New York on Tuesday due to concerns about a lack of moisture, which could reduce sugarcane yields and limit sugar production in Brazil.

On Tuesday, sugar prices in London fell after the release of a forecast from the European Commission's Directorate-General for Agriculture and Rural Development, stating that sugar production in the EU in 2024/25 will grow by 5% annually, reaching 16.4 million tons.