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Rich Asplund

Strength in the Brazilian Real Boosts Sugar Prices

Brazil India Conab Thailand Ethanol London NY the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) this morning is up +0.11 (+0.56%), and Aug London ICE white sugar #5 (SWQ24) is up +3.10 (+0.54%).

Sugar prices this morning are moderately higher. Sugar prices are seeing support from today's climb in the Brazilian real (^USDBRL) to a 1-week high against the dollar. Strength in the real discourages export selling by Brazil's sugar producers.

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