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The Latest Breaking News from El Nino

Sugar Gains on Carryover Support from a Rally in Gasoline Prices

May NY world sugar #11 (SBK24 ) this morning is up +0.29 (+1.33%), and May London ICE white sugar #5 (SWK24 ) is up +7.60 (+1.24%). Sugar prices this morning are moderately higher, with London sugar posting a 2-week high. Strength in gasoline prices is supporting sugar after gasoline prices...

Barchart

NY Sugar Falls on Continued Pressure from Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) on Thursday closed down -0.16 (-0.73%), and May London ICE white sugar #5 (SWK24 ) closed +0.20 (+0.03%). NY sugar prices on Thursday continued to see downward pressure after the Indian Sugar and Bioenergy Manufacturers Association on Wednesday raised its forecast for India's...

Barchart

Sugar Prices Continue to See Downward Pressure from Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) is down -0.09 (-0.41%), and May London ICE white sugar #5 (SWK24 ) is up +1.80 (+0.29%). NY sugar prices today continue to see downward pressure after the Indian Sugar and Bioenergy Manufacturers Association on Wednesday raised its forecast for India's sugarcane production...

Barchart

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Sugar Prices Mixed after Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) Wednesday closed up +0.04% (+0.18%), and May London ICE white sugar #5 (SWK24 ) closed -1.10 (-0.18%). Sugar prices saw downward pressure after the Indian Sugar and Bioenergy Manufacturers Association Wednesday raised its forecast for India's sugarcane production in the 2023-24 marketing year...

Barchart

Sugar Prices Fall on Higher Indian Sugarcane Production Forecast

May NY world sugar #11 (SBK24 ) today is down -0.06 (-0.27%), and May London ICE white sugar #5 (SWK24 ) is down -2.50 (-0.41%). Sugar prices fell after the Indian Sugar and Bioenergy Manufacturers Association today raised its forecast for India's sugarcane production in the 2023-24 marketing year (that...

Barchart

Sugar Prices Fall on Higher Brazil Sugar Output

May NY world sugar #11 (SBK24 ) on Tuesday closed down -0.06 (-0.27%), and May London ICE white sugar #5 (SWK24 ) closed down -1.40 (-0.23%). Sugar prices on Tuesday fell on news of higher Brazil sugar output in the second half of February. Unica on Tuesday reported that Brazil's...

Barchart

Sugar Prices Lower on Higher Brazil Sugar Output

May NY world sugar #11 (SBK24 ) today is down -0.03 (-0.14%), and May London ICE white sugar #5 (SWK24 ) is down -0.10 (-0.02%). Sugar prices are mildly lower today on a +0.2% rally in the dollar index and on news of higher Brazil sugar output in the second...

Barchart

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Sugar Prices Recover to 1-1/2 Week High

May NY world sugar #11 (SBK24 ) today is up +0.74 (+3.50%), and May London ICE white sugar #5 (SWK24 ) is up +19.90 (+3.33%). Sugar prices today rallied to a 1-1/2 week high on some short-covering after last week's 2-month low. Sugar prices last week showed weakness on rain...

Barchart

US Records Warmest Winter, Impacting Economy And Environment

US records warmest winter, impacting economy and environment. Climate change and El Nino play significant roles.

Top News

Sugar Prices Slip on Forecasts for Rain in Brazil

May NY world sugar #11 (SBK24 ) on Friday closed down -0.13 (-0.61%), and May London ICE white sugar #5 (SWK24 ) closed down -6.60 (-1.09%). Sugar prices on Friday posted moderate losses on forecasts for rain in Brazil. On Friday, forecaster Maxar Technologies said that moderate rain is expected...

Barchart

Sugar Prices Weighed Down by Forecasts for Rain in Brazil

May NY world sugar #11 (SBK24 ) this morning is down -0.20 (-0.94%), and May London ICE white sugar #5 (SWK24 ) is down -7.90 (-1.31%). Sugar prices this morning are moderately lower on forecasts for rain in Brazil. Forecaster Maxar Technologies said today that moderate rain is expected in...

Barchart

Sugar Prices Slip on the Outlook for Higher EU Sugar Acreage

May NY world sugar #11 (SBK24 ) this morning is down -0.10 (-0.47%), and May London ICE white sugar #5 (SWK24) is down -4.10 (-0.67%). Sugar prices this morning are moderately lower. Expectations for higher sugar production in the European Union (EU) are weighing on prices today after sugar trader...

Barchart

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Barchart

Sugar Closes Higher on Supply Concerns and Brazilian Real Strength

May NY world sugar #11 (SBK24 ) on Wednesday closed up +0.58 (+2.78%), and May London ICE white sugar #5 (SWK24 ) closed up +16.70 (+2.81%). Sugar prices on Wednesday rose sharply on global supply concerns. Sugar trader Alvean said Wednesday that India's 2024/25 sugar output may drop by -9%...

Barchart

Sugar Prices Jump on Global Supply Concerns and Brazilian Real Strength

May NY world sugar #11 (SBK24 ) this morning is up +0.60 (+2.87%), and May London ICE white sugar #5 (SWK24 ) is up +17.20 (+2.89%). Sugar prices this morning are sharply higher on global supply concerns. Sugar trader Alvean said today that India's 2024/25 sugar output may drop by...

Barchart

Projections of Wider Global Sugar Deficits Sparks Short-Covering in Sugar

May NY world sugar #11 (SBK24 ) on Tuesday closed up +0.27 (+1.31%), and May London ICE white sugar #5 (SWK24 ) closed up +1.30 (+0.22%). Sugar prices on Tuesday recovered from 2-month lows and posted moderate gains. Short-covering emerged in sugar futures Tuesday after BP Bunge Bioenergia projected that...

Barchart

Sugar Climbs on Projections of Wider Global Sugar Deficits

May NY world sugar #11 (SBK24 ) this morning is up +0.35 (+1.70%), and May London ICE white sugar #5 (SWK24 ) is up +3.80 (+0.64%). Sugar prices this morning recovered from 2-month lows and are moderately higher. Short-covering emerged in sugar futures today after BP Bunge Bioenergia projected that...

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The Hindu

2023-24 El Nino among five strongest on record, will continue fuelling heat in 2024: WMO

The 2023-24 El Nino has peaked as one of the five strongest on record and will continue to impact global climate in the coming months despite a weakening trend, the World Meteorological Organisation said.

Barchart

Sugar Prices Under Pressure as Brazil Ramps Up Sugar Production

May NY world sugar #11 (SBK24 ) on Monday closed down -0.49 (-2.32%), and May London ICE white sugar #5 (SWK24 ) closed down -9.60 (-1.59%). Sugar prices on Monday tumbled to 2-month lows. Rising sugar production in Brazil, the world's largest sugar producer, is undercutting prices. Last Tuesday, Unica...

Barchart

Sugar Prices Weighed Down as Brazil Ramps Up Sugar Production

May NY world sugar #11 (SBK24 ) this morning is down -0.44 (-2.09%), and May London ICE white sugar #5 (SWK24 ) is down -8.90 (-1.48%). Sugar prices this morning tumbled to fresh 2-month lows. Rising sugar production in Brazil, the world's largest sugar producer, is bearish for prices. Last...

The Hindu

Temperatures in Andhra Pradesh may rise by 5 degrees Celsius this summer, says IMD

The India Meteorological Department(IMD) has forecast a hotter summer than usual and more heatwave days in Andhra Pradesh due to the El Nino effect. “The phenomenon may become weak and neutral towards the beginning of the monsoon, but until then its impact will be felt. The State is likely to…

Barchart

Sugar Prices Retreat on Demand Concerns

May NY world sugar #11 (SBK24 ) on Friday closed down -0.60 (-2.77%), and May London ICE white sugar #5 (SWK24 ) closed down -12.50 (-2.03%). Sugar prices Friday retreated for a second day and posted 2-month lows. A large delivery to settle the March NY sugar contract, which expired...

Barchart

Sugar Prices Tumble on a Large Delivery to Settle the March NY Sugar Contract

May NY world sugar #11 (SBK24 ) this morning is down -0.57 (-2.63%), and May London ICE white sugar #5 (SWK24 ) is down -11.30 (-1.84%). Sugar prices today retreated for a second day and fell to 2-month lows. A large delivery to settle the March NY sugar contract, which...

The Hindu

India to see warmer start to summer this year: IMD

India to experience warmer start to summer with El Nino conditions, above-normal rainfall, and Lok Sabha polls in April-May.

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