REPORTS

Barchart - Sugar prices settled higher on Wednesday as dollar weakness (DXY00) sparked some short-covering in sugar futures.  

Sugar prices have retreated over the past week, falling to 3-week lows on Tuesday due to ramped-up production in India and Brazil. Last Monday, the India Sugar Mill Association (ISMA) reported that Indian sugar production from Oct-Nov jumped +43% y/y to 4.11 MMT. The ISMA also reported that 428 sugar mills in India were crushing cane as of November 30, up from 376 a year ago.