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Barchart
Barchart
Rich Asplund

Rain in Brazil Pressures Sugar Prices

May NY world sugar #11 (SBK25) Monday closed down -0.10 (-0.52%), and May London ICE white sugar #5 (SWK25) closed down -0.80 (-0.15%).

Sugar prices on Monday fell to 2-1/2 week lows and posted modest losses.  Sugar was under pressure Monday after Meteorologist Climatempo reported above-average rainfall for Brazil over the past week, benefiting the sugar crop.

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