Midweek trading on the New York Stock Exchange ended with a decline of -0.26 (19.36; -1.33%) for the world sugar No. 11 (SBV24), while trading in white sugar No. 5 (SWV24) closed on the London Stock Exchange with a loss of -4.20 (555.70; -0.75%), as reported by Barchart.
The cost of sugar moderately decreased midweek in light of the forecast of an excess of sugar in the global market next year. The analytical company Covrig stated that it expects an excess of +182,000 tonnes in 2024/25, which exceeds the previous estimate of a deficit of -2.6 million tonnes.