
March NY world sugar #11 (SBH24) on Thursday closed up +0.21 (+0.96%), and March London ICE white sugar #5 (SWH24) closed up +3.00 (+0.48%).
Sugar prices Thursday recovered from 8-1/2 month lows and settled moderately higher as short-covering emerged after the Brazilian real (^USDBRL) rallied to a 1-1/2 week high against the dollar. The weaker real discourages export selling from Brazil's sugar producers.