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SUGAR REPORT | 20.09.2022 | MARKET NEWS | SEBAT GROUP

SUGAR REPORT | 20.09.2022 | MARKET NEWS

Barchart - October NY world sugar #11 (SBV22) on Monday closed down -0.19 (-1.06%), and Dec London white sugar #5 (SWZ22) did not trade Monday with markets closed in the UK for the Queen's funeral.

NY sugar on Monday fell for the fourth consecutive session and posted a 1-1/2 month low.  Sugar prices came under pressure Monday after researcher StoneX projected  Brazil Center-South 2023/24 sugar production would climb +5.7% y/y to 35.2 MMT.  StoneX also projects that global 2023/24 sugar production will climb +3% y/y to 194.4 MMT on rising supplies from Brazil, India, and Thailand.  In addition, StoneX predicts a 2022/23 global sugar surplus of 3.9 MMT.



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