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Rich Asplund

Sugar Prices Fall as the Brazilian Real Weakens

Brazil India USDA London NY ISO Thailand Covrig Analytics Ethanol FAs

July NY world sugar #11 (SBN26) on Wednesday closed down -0.16 (-1.14%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.10 (-0.25%).

Sugar prices settled lower on Wednesday, with NY sugar matching a 6-week low and London sugar posting a 1.5-week low. Weakness in the Brazilian real is weighing on sugar prices. The real (^USDBRL) on Wednesday fell to a 2.25-month low against the dollar, which encourages export sales by Brazil’s sugar producers.

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