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Barchart
Barchart
Rich Asplund

Sugar Prices Climb with the Brazilian Real

March NY world sugar #11 (SBH26) on Tuesday closed up +0.10 (+0.69%), and May London ICE white sugar #5 (SWK26) closed down -1.00 (-0.24%).

Sugar prices settled mixed on Tuesday, with NY sugar climbing to a 2.5-week high.  Strength in the Brazilian real (^USDBRL) is supportive for sugar prices.  The real rose +0.31% on Tuesday, just below Monday's 1.75-year high against the dollar, discouraging export sales from Brazil's sugar producers.

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