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Rich Asplund

Sugar Prices Pressured by Beneficial Brazil Rain Forecasts

Brazil Climatempo Green Pool Commodity Specialists India London NY Thailand USDA

May NY world sugar #11 (SBK25) Friday closed down -0.13 (-0.68%), and May London ICE white sugar #5 (SWK25) closed down -2.10 (-0.39%).

Sugar prices Friday extended this week's decline to 2-week lows. Forecasts for rain in Brazil eased dryness concerns and weighed on sugar prices. Meteorologist Climatempo forecasted widespread showers for Brazil's sugar-growing regions into next week.

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