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Rich Asplund

Sugar Prices Finish Lower as the Brazilian Real Falls to a Record Low

Brazil NY India Thailand the Indian Sugar and Bioenergy Manufacturers Association the International Sugar Organization USDA

March NY world sugar #11 (SBH25) Friday closed down -0.61 (-2.81%), and March London ICE white sugar #5 (SWH25) closed down -8.40 (-1.51%).

Sugar prices Friday settled moderately lower, with NY sugar posting a 2-week low. Friday's selloff in the Brazilian real (^USDBRL) to a record low against the dollar encouraged export selling by Brazil's sugar producers and sparked long liquidation in sugar futures.

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