Sugar prices fall due to possible sugar exports from India

March world sugar #11 in New York (SBH24) closed down -0.44 (-1.61%) on Friday, while December London white sugar #5 (SWZ23) closed down -11.30 (-1.53%).

23 October 2023

March New York World Sugar #11 (SBH24) closed down -0.44 (-1.61%) on Friday and December London White Sugar #5 (SWZ23) closed down -11.30 (-1.53%) ), writes Barchart.

Sugar prices fell on Friday as India's food minister said his country was unlikely to face a domestic sugar shortage, opening the door to a resumption of sugar exports.

India's Food Minister Chopra said India's sugar stocks stood at 5.7 million tonnes as of October 1, enough to meet demand for 2.5 months, and that the country would decide whether to allow sugar exports after assessing cane production .

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Sugar prices fall due to possible sugar exports from India

March world sugar #11 in New York (SBH24) closed down -0.44 (-1.61%) on Friday, while December London white sugar #5 (SWZ23) closed down -11.30 (-1.53%).

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