
March NY world sugar #11 (SBH24) on Tuesday closed up +0.12 (+0.56%), and March London ICE white sugar #5 (SWH24) closed up +2.60 (+0.42%).
Sugar prices Tuesday recovered from 8-1/2 month lows and closed higher as strength in the Brazilian real sparked short covering in sugar futures. On Tuesday, the real (^USDBRL) rallied to a 4-week high against the dollar, discouraging export selling from Brazil's sugar producers.