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Barchart

Rich Asplund

Dollar Weakness and Strength in Crude Pushes Sugar Prices Higher

India Brazil London NY Thailand the Indian Sugar and Bioenergy Manufacturers Association the International Sugar Organization USDA

March NY world sugar #11 (SBH25) Tuesday closed up +0.30 (+1.42%), and March London ICE white sugar #5 (SWH25) closed up +5.50 (+1.00%).

Sugar prices Tuesday posted moderate gains as a weaker dollar and a +2% jump in crude prices (CLF25) sparked short covering in sugar futures.

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