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Barchart
Barchart
Rich Asplund

Sugar Prices Climb on Strength in the Brazilian Real

March NY world sugar #11 (SBH26) on Thursday closed up +0.22 (+1.49%).  March London ICE white sugar #5 (SWH26) closed up +4.80 (+1.14%).

Sugar prices settled higher on Thursday after a rally in the Brazilian real (^USDBRL) to a 2.25-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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