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SUGAR REPORT | 24.03.2023 | MARKET NEWS | SEBAT GROUP

SUGAR REPORT | 24.03.2023 | MARKET NEWS

Barchart - Sugar prices Thursday gave up an early advance and closed moderately lower.  The dollar index (DXY00) Thursday recovered from a 6-week low and was little changed, which sparked long liquidation in sugar futures.  Sugar prices Thursday initially moved higher, with London sugar posting a 6-1/4 month high on supply concerns.  StoneX Group Monday cut their 2022/23 global sugar surplus estimate to 2.5 MMT from a Jan forecast of 5 MMT, citing lower production in India due to excessive rain.



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