Sugar Prices Hit Multi-Week Highs as Gasoline Surge Fuels Ethanol Demand
The Quick Take
- NY world sugar #11 (SBK26) surged ~+4.04% to close up +0.57 on Apr 29, hitting a 3-week high
- London ICE white sugar #5 (SWQ26) rose +11.90 (+2.75%), reaching a 4-week high on the same session
- Price rally was driven by strength in gasoline prices, boosting the ethanol-sugar demand link
- No institutional analyst commentary cited; rally momentum and gasoline trajectory will drive near-term direction
- Higher sugar prices could pressure India and Asia — major sugar produc
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