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Rich Asplund

Sugar Prices Climb on Brazilian Real Strength and Chinese Sugar Demand

Brazil India ISO USDA China Thailand London NY

March NY world sugar #11 (SBH26) today is up +0.19 (+1.23%), and December London ICE white sugar #5 (SWZ25) is up +7.00 (+1.59%).

Sugar prices are climbing today due to strength in the Brazilian real and strong sugar demand from China. The Brazilian real (^USDBRL) rallied to a 1-week high against the dollar today, discouraging sales from Brazil's sugar producers. Also, China's Sep sugar imports rose +36% y/y to 550,000 MT.

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