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Barchart
Barchart
Rich Asplund

Sugar Prices Pressured by Brazilian Real Weakness

Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) Friday closed down -0.37 (-1.96%), and May London ICE white sugar #5 (SWK25) closed down -7.10 (-1.32%).

Sugar prices Friday retreated for a third day and posted 2-week lows due to weakness in the Brazilian real (^USDBRL).  The real tumbled to a 1-month low against the dollar Friday, encouraging export selling by Brazil's sugar producers and prompting long liquidation in sugar futures.

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