Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Rich Asplund

Sugar Prices Finish Higher on Brazilian Real Strength

March NY world sugar #11 (SBH25) Monday closed up +0.14 (+0.72%), and March London ICE white sugar #5 (SWH25) closed up +1.70 (+0.33%).

Sugar prices Monday posted moderate gains as strength in the Brazilian real (^USDBRL) sparked short covering in sugar futures.  The real Monday rose +0.44%, just below last Friday's 2-3/4 month high against the dollar.   Over the past three weeks, strength in the Brazilian real has spurred fund short-covering in sugar, with sugar prices climbing to a 7-week high last Thursday.  The stronger real discourages export selling from Brazil's sugar producers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.