
March NY world sugar #11 (SBH26) on Tuesday closed down -0.15 (-1.01%), and March London ICE white sugar #5 (SWH26) closed down -3.80 (-0.90%).
Sugar prices tumbled to 3-week lows on Tuesday. Weakness in the Brazilian real is weighing on sugar prices as the real (^USDBRL) fell to a 1.75-month low against the dollar on Tuesday. The weaker real encourages export sales by Brazil's sugar producers.