On Thursday, at the auctions in New York, the price of the world sugar No. 11 (SBV24) rose by +0.43 (18.57; +2.27%). And in London, the price of white sugar No. 5 (SWV24) increased by +12.10 (526.60; +2.35%). This information is reported by Barchart.
Prices of sugar went up on Thursday after the Ministry of Food and Trade of India announced the maintenance of restrictions on sugar exports in order to ensure sufficient domestic supply and increase ethanol production in the country.