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Barchart
Barchart
Rich Asplund

Sugar Prices Knocked Lower by a Stronger Dollar

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

March NY world sugar #11 (SBH25) today is down -0.24 (-1.08%), and December London ICE white sugar #5 (SWZ24) is down -3.90 (-0.69%).

Sugar prices today are moderately lower due to a stronger dollar.  Sugar has been under pressure this week, with NY sugar posting a 2-week low Monday and London sugar posting a 1-1/2 month low Wednesday on forecasts for beneficial rain in Brazil's Center-South that eases concerns about excessive dryness.  Forecaster Climatempo said rain will continue in Brazil's Center-South region for the rest of this week.  Brazil's Center-South is the country's main sugar-producing region.

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