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Barchart
Barchart
Rich Asplund

Sugar Prices Recover on Brazilian Real Strength

October NY world sugar #11 (SBV26) is up +0.16 (+0.92%) today, and December London ICE white sugar #5 (SWZ26) is up +1.20 (+0.24%).

Sugar prices recovered from 3.5-week lows today and moved higher after a rally in the Brazilian real (^USDBRL) to a 1-week high sparked short covering in sugar futures. The stronger real discourages export sales from Brazil’s sugar producers.

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