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SUGAR REPORT | 06.10.2022 | MARKET NEWS | SEBAT GROUP

SUGAR REPORT | 06.10.2022 | MARKET NEWS

Barchart - Sugar prices Wednesday posted moderate gains, with NY sugar climbing to a 3-week high and London sugar climbing to a 1-week high.  A rally in crude prices (CLX22) Wednesday to a 2-1/2 week high underpinned sugar prices.  Higher crude prices benefit ethanol and may prompt Brazil's sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies.



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