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Barchart

Rich Asplund

Sugar Prices Rally with the Brazilian Real

Brazil India NY London ISMA ISO Thailand Czarnikow FAs USDA

March NY world sugar #11 (SBH26) today is up +0.08 (+0.56%), and May London ICE white sugar #5 (SWK26) is up +0.20 (+0.05%).

Sugar prices are moving higher today, with NY sugar posting a 2.5-week high and London sugar posting a 1.5-week high. Strength in the Brazilian real (^USDBRL) is bullish for sugar prices. The real jumped to a 1.75-year high against the dollar today, discouraging export sales from Brazil's sugar producers.

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