Abundant Global Supplies Weigh on Sugar Prices

March NY world sugar #11 (SBH26) on Monday closed down -0.01 (-0.07%), and March London ICE white sugar #5 (SWH26) closed up +0.10 (+0.02%). Sugar prices extended their week-long plunge on Monday, with NY sugar falling to a 2.5-month low and London sugar dropping to a 5-year low.   However, oversold conditions in sugar futures prompted some technical short covering, lifting sugar prices off their lows on Monday, with London sugar climbing into positive territory. More News from Barchart The outlook for ...