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Barchart
Rich Asplund

Sugar Prices Close Higher on Strength in the Brazilian Real

Brazil India Conab Thailand Ethanol London NY the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) on Tuesday closed up +0.11 (+0.56%), and Aug London ICE white sugar #5 (SWQ24) closed up +2.80 (+0.49%).

Sugar prices on Tuesday settled moderately higher.  Sugar prices found support from a rally in the Brazilian real (^USDBRL) to a 1-week high against the dollar.  Strength in the real discourages export selling by Brazil's sugar producers.  

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