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Barchart
Barchart
Rich Asplund

Sugar Prices Settle Lower on Weakness in the Brazilian Real

Brazil India Thailand Unica USDA

July NY world sugar #11 (SBN24) on Monday closed down -0.37 (-1.95%), and Aug London ICE white sugar #5 (SWQ24) closed down -9.10 (-1.64%).

Sugar prices Monday fell to 1-week lows and settled with moderate losses due to weakness in the Brazilian real (^USDBRL), which fell to a 17-month low against the dollar.  The weaker real encourages export selling from Brazil's sugar producers.  

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