Oct NY world sugar #11 (SBV23) on Friday closed down -0.07 (-0.26%), and Dec London white sugar #5 (SWZ23) closed down -3.30 (-0.45%).
As per CZapp, Oct’23 contract expired yesterday settling at $748.3, with a final open interest of 3,619 lots. Volume traded yesterday in the contract was 1,033 lots, with 290 being spreads.
On Friday, sugar prices retreated from a 12-year high. In recent weeks, sugar prices have surged significantly, reaching a 12-year peak on Friday due to concerns about reduced global sugar production.
