Sugar Prices Hammered by the Outlook for Ample Supplies

On Thursday, the July New York world sugar #11 (SBN25) closed lower by -0.18 (-1.07%), while the August London ICE white sugar #5 (SWQ25) closed down by -4.80 (-1.03%). Sugar prices continued their decline for the past two months, with New York sugar hitting its lowest level in almost four years and London sugar reaching a 4-1/2-month low.