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Barchart
Barchart
Rich Asplund

Sugar Prices Recover Early Losses as the Dollar Declines

Brazil Green Pool Commodity Specialists India London NY Thailand USDA

May NY world sugar #11 (SBK25) today is up +0.31 (+1.61%), and May London ICE white sugar #5 (SWK25) is up +4.60 (+0.85%).

Sugar prices today recovered from 1-week lows and are moderately higher after a decline in the dollar index (DXY00) sparked short covering in sugar futures.  Sugar prices have rallied over the past two weeks, with NY sugar posting a 1-month high last Tuesday and London sugar posting a 3-3/4 month high on signs of lower global sugar production.  

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