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Barchart
Barchart
Rich Asplund

Sugar Prices Tumble on Brazil Rain and Brazil Real Weakness

Brazil India Maxar Technologies Drought London Thailand the Indian Sugar and Bioenergy Manufacturers Association USDA

March NY world sugar #11 (SBH25) Wednesday closed down -0.45 (-2.00%), and December London ICE white sugar #5 (SWZ24) closed down -11.20 (-1.95%).

Sugar prices on Wednesday dropped to 2-1/2 week lows as forecasted rains in Brazil alleviated drought concerns.  Forecaster Maxar Technologies said showers will continue this week across the Center South of Brazil, the country's top sugar-producing region.  

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