REPORTS

Barchart - Sugar prices posted modest losses on Thursday and remained under pressure due to improved global sugar supplies. On Monday, NY sugar posted a 2-1/2 month low, and London sugar posted a 3-week low as the supply situation improved. On November 21, the International Sugar Organization (ISO) lowered its 2024/25 global sugar deficit forecast to -2.51 MMT, compared to an August forecast of -3.58 MMT. The ISO also raised its 2023/24 global sugar surplus estimate to 1.31 MMT from an August projection of +200,000 MT.