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Rich Asplund

Sugar Prices Push Higher as the Brazilian Real Weakens

Brazil United States India USDA ISO Ethanol Deficit FAs London NY

October NY world sugar #11 (SBV26) on Monday closed up +0.37 (+2.49%), and Aug London ICE white sugar #5 (SWQ26) closed up +3.00 (+0.62%).

Sugar prices settled higher on Monday. Sugar garnered support from a rally in the Brazilian real (^USDBRL) to a 2-week high on Monday, which discourages export sales from Brazil’s sugar producers.

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