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Barchart
Barchart
Rich Asplund

Sugar Prices Decline as the Dollar Strengthens

Brazil Green Pool Commodity Specialists India London NY Thailand USDA

May NY world sugar #11 (SBK25) Wednesday closed down -0.30 (-1.50%), and May London ICE white sugar #5 (SWK25) closed down -5.50 (-0.98%).

Sugar prices Wednesday were under pressure as strength in the dollar (DXY00) prompted long liquidation in sugar futures.  Sugar prices have rallied over the past week, with NY sugar posting a 3-week high Tuesday and London sugar posting a 3-1/2 month high on signs of lower global sugar production.  

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