Sinking Crude Oil Prices Undercut Sugar Prices
Yahoo Finance·2026-03-23 18:24
May NY world sugar #11 (SBK26) on Monday closed down -0.18 (-1.15%), and May London ICE white sugar #5 (SWK26) closed down -2.70 (-0.60%). Monday's plunge in crude oil prices (CLK26) by more than -9% sparked long liquidation in sugar futures. The weakness in crude prices undercuts ethanol prices and may encourage the world's sugar mills to decrease ethanol production and boost sugar output. More News from Barchart Sugar prices still have some support amid supply disruptions from the closure of the St ...