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Barchart
Barchart
Rich Asplund

Sugar Prices Fall on Long Liquidation as the Dollar Gains

Brazil Green Pool Commodity Specialists India London NY Thailand USDA

May NY world sugar #11 (SBK25) Friday closed down -0.28 (-1.40%), and May London ICE white sugar #5 (SWK25) closed down -11.60 (-2.06%).

Sugar prices Friday settled moderately lower as a rally in the dollar index (DXY00) to a 2-week high sparked long liquidation in sugar futures.  Sugar prices have rallied over the past two weeks, 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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