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Rich Asplund

Brazilian Real Strength Boosts Sugar Prices

Brazil India NY ISMA ISO Thailand Czarnikow FAs London USDA

March NY world sugar #11 (SBH26) today is up +0.10 (+0.69%), and May London ICE white sugar #5 (SWK26) is down -0.30 (-0.07%).

Sugar prices are mixed today, with NY sugar climbing to a 2.5-week high. Strength in the Brazilian real (^USDBRL) is supportive for sugar prices. The real is up +0.33% today, just below Monday's 1.75-year high against the dollar, discouraging export sales from Brazil's sugar producers.

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