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Barchart
Barchart
Rich Asplund

Sugar Prices Climb as Strength in the Brazilian Real Spurs Short Covering

Brazil India ISMA ISO Thailand FAs London USDA

March NY world sugar #11 (SBH26) today is up +0.22 (+1.49%).  March London ICE white sugar #5 (SWH26) is up +5.00 (+1.19%).

Sugar prices are moving higher today after a rally in the Brazilian real (^USDBRL) to a 1.5-month high against the dollar prompted short covering in sugar futures.  The stronger real discourages export sales from Brazil's sugar producers.

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