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Rich Asplund

Sugar Prices Pressured by Brazilian Real Weakness

Brazil India USDA ISO Citigroup Conab Covrig Analytics FAs

July NY world sugar #11 (SBN26) on Friday closed down -0.19 (-1.27%), and Aug London ICE white sugar #5 (SWQ26) closed down -4.40 (-0.99%).

Sugar prices settled sharply lower for a second day on Friday amid weakness in the Brazilian real. The real (^USDBRL) tumbled to a 5-week low against the dollar on Friday, encouraging export sales from Brazil's sugar producers.

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