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Barchart
Rich Asplund

Sugar Prices Settle Lower on Brazilian Real Weakness

Brazil India USDA ISO Thailand Covrig Analytics FAs ISMA

July NY world sugar #11 (SBN26) on Monday closed down -0.02 (-0.14%), and Aug London ICE white sugar #5 (SWQ26) closed down -1.80 (-0.40%).

Sugar prices erased an early advance on Monday and settled lower amid weakness in the Brazilian real (^USDBRL). The real fell to a 2-month low against the dollar on Monday, encouraging export sales from Brazil’s sugar producers.

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