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Barchart
Barchart
Rich Asplund

Brazilian Real Strength Supports Sugar Prices

Brazil India NY ISMA ISO Thailand USDA FAs London

March NY world sugar #11 (SBH26) on Friday closed up +0.07 (+0.46%), and March London ICE white sugar #5 (SWH26) closed down -1.00 (-0.23%).

Sugar prices settled mixed on Friday, with NY sugar posting a 5-week high.  Strength in the Brazilian real (^USDBRL) is supportive of sugar prices, as the real rose to a 1-week high against the dollar on Friday, discouraging export sales by Brazil's sugar producers.  

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