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Barchart
Barchart
Rich Asplund

Sugar Prices Retreat as the Brazilian Real Declines

Brazil Green Pool Commodity Specialists India London Thailand USDA

May NY world sugar #11 (SBK25) today is down -0.45 (-2.38%), and May London ICE white sugar #5 (SWK25) is down -9.20 (-1.70%).

Sugar prices today retreated for a third day and posted 2-week lows due to weakness in the Brazilian real (^USDBRL).  The real tumbled to a 3-1/2 week low against the dollar today, encouraging export selling by Brazil's sugar producers and prompting long liquidation in sugar futures.

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