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Barchart
Barchart
Rich Asplund

NY Sugar Finishes Slightly Higher as the Brazilian Real Rallies

Brazil NY India London ISMA ISO Thailand FAs USDA

March NY world sugar #11 (SBH26) on Tuesday closed up +0.04 (+0.27%), and March London ICE white sugar #5 (SWH26) closed down -1.00 (-0.24%).

Sugar prices settled mixed on Tuesday, with London sugar falling to a 2.5-month low.   NY sugar recovered from early losses and posted modest gains as some short covering emerged after the Brazilian real (^USDBRL) rallied to a 20-month high.  The stronger real discourages export sales from Brazil's sugar producers.

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