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Rich Asplund

Sugar Prices Pressured by a Stronger Dollar and Possible US-Iran Peace Deal

NY Iran United States USDA India ISO Thailand Brazil Covrig Analytics Deficit

July NY world sugar #11 (SBN26) today is down -0.06 (-0.44%), and Aug London ICE white sugar #5 (SWQ26) is down -1.40 (-0.31%).

Sugar prices are trading lower today, with NY sugar falling to a 7-week low. Sugar prices are seeing downward pressure from today’s slightly stronger dollar and the possibility of a US-Iran interim peace agreement, which could allow freer sugar flows in the Middle East.

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