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Rich Asplund

Sugar Prices Climb on Brazilian Real Strength

Brazil India Ethanol USDA ISO Covrig Analytics FAs ISMA NY

July NY world sugar #11 (SBN26) on Tuesday closed up +0.08 (+0.52%), and Aug London ICE white sugar #5 (SWQ26) closed up +5.70 (+1.28%).

Sugar prices extended their two-week-long rally on Tuesday 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 on Tuesday, discouraging export sales from Brazil's sugar producers.

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