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Barchart
Barchart
Rich Asplund

Sugar Prices Firm on Strength in the Brazilian Real

Brazil India FAs ISMA ISO NY Thailand Czarnikow USDA

March NY world sugar #11 (SBH26) on Wednesday closed up +0.04 (+0.27%), and May London ICE white sugar #5 (SWK26) closed down -0.10 (-0.02%).

Sugar prices recovered from early losses on Wednesday and settled mixed.  Short covering emerged in sugar futures on Wednesday after the Brazilian real (^USDBRL) rallied to a 1.75-year high against the dollar, discouraging export sales from Brazil's sugar producers.

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