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Barchart

Rich Asplund

Sugar Prices Close Lower on Brazilian Real Weakness and an Improved Supply Outlook

Brazil Thailand NY India London Unica USDA

July NY world sugar #11 (SBN24) on Wednesday closed down -0.33 (-1.78%) on Tuesday, and Aug London ICE white sugar #5 (SWQ24) closed down -2.90 (-0.53%).

Sugar prices Wednesday were under moderate pressure from weakness in the Brazilian real and an improved global supply outlook. On Wednesday, the real (^USDBRL) fell to a 1-week low against the dollar, encouraging export selling from Brazil's sugar producers.

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