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Rich Asplund

Strength in the Brazilian Real Boosts Sugar Prices

Brazil India Ethanol USDA ISO Covrig Analytics FAs ISMA NY

July NY world sugar #11 (SBN26) today is up +0.06 (+0.39%), and Aug London ICE white sugar #5 (SWQ26) is up +4.90 (+1.10%).

Sugar prices extended their two-week-long rally today and rose to 1-month highs. Strength in the Brazilian real is boosting sugar prices as the real (^USDBRL) rallied to a 2.25-year high against the dollar today, discouraging export sales from Brazil's sugar producers.

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