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Barchart
Barchart
Rich Asplund

Sugar Prices End Lower as the Brazilian Real Falls

Brazil India London ISMA Thailand USDA

March NY world sugar #11 (SBH24) on Friday closed down -0.21 (-0.92%), and May London ICE white sugar #5 (SWK24) closed down -7.60 (-1.23%).

Sugar prices on Friday gave up an early advance and closed moderately lower, with London sugar falling to a 1-1/2 month low.  Weakness in the Brazilian real (^USDBRL) undercut sugar prices as the real on Friday dropped to a 2-week low against the dollar.  The weaker real encourages export selling from Brazil's sugar producers.  

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