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Barchart
Barchart
Rich Asplund

Sugar Prices Recover on Brazilian Real Strength

Brazil India USDA Thailand FAs ISO

March NY world sugar #11 (SBH26) on Wednesday closed up +0.05 (+0.35%), and December London ICE white sugar #5 (SWZ25) closed up +0.60 (+0.14%).

Sugar prices shook off early losses and turned higher on Wednesday as short covering emerged due to strength in the Brazilian real (^USDBRL).  The real rallied to a 2.5-week high against the dollar on Wednesday, discouraging export sales from Brazil's sugar producers.

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