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Rich Asplund

Sugar Prices Settle Higher on Strength in the Brazilian Real

Brazil India Thailand El Nino the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) on Thursday closed up +0.14 (+0.63%), and May London ICE white sugar #5 (SWK24) closed up +3.00 (+0.46%).

Sugar prices Thursday finished moderately higher. Strength in the Brazilian real (^USDBRL) boosted sugar futures after the real on Thursday climbed to a 1-week high against the dollar. The stronger real discourages export selling by Brazil's sugar producers.

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