Last week, May raw sugar NY #11 (SBK25) closed significantly higher at 0.31 (20.00; 1.57%), while May white sugar ICE #5 (SWK25) closed up by 6.60 (564.00; 1.18%). This information is reported by Barchart, a leading source of financial market data.
Sugar prices showed some growth on Thursday, but remained below the significant highs reached on Tuesday. Continuing the trend of the past two weeks, sugar prices are still on the rise. On Tuesday, New York sugar hit a 3-week high, while London sugar set a 3-1/2-month record, driven by indicators of a decline in global sugar production.