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Barchart
Barchart
Rich Asplund

Sugar Prices Slump as the Brazilian Real Falls

Brazil India Thailand El Nino ISMA London NY USDA

March NY world sugar #11 (SBH24) on Thursday closed down -1.43 (-5.96%), and May London ICE white sugar #5 (SWK24) closed down -19.90 (-3.13%).

Sugar prices slumped on Thursday as weakness in the Brazilian real (^USDBRL) sparked long liquidation in sugar futures.  The real on Thursday dropped to a 3-week low against the dollar, encouraging export selling by Brazil's sugar producers.

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