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Prices for sugar in New York and London have risen, surpassing losses and reaching new highs following price increases due to a fungal infection in India.
1 July 2024
Sugar No. 11 in New York rose by +0.19 (20.30; +0.94%) at the July world SBN24 closing, while London White Sugar ICE No. 5 in August SWQ24 closed at +13.30 (598.40; +2.27%), as reported according to information from Barchart.
Prices for sugar on Friday overcame initial losses and rose to new peaks in two and a half months. This week was characterized by a sharp increase in sugar prices after the spread of a fungal infection, known as red rot, in the key sugar region of India - Uttar Pradesh.
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