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Barchart
Barchart
Rich Asplund

Sugar Prices Tumble with the Brazilian Real

Brazil India Thailand El Nino ISMA London NY USDA

March NY world sugar #11 (SBH24) this morning is down -1.23 (-5.12%), and May London ICE white sugar #5 (SWK24) is down -17.60 (-2.77%).

Sugar prices this morning are sharply lower.  Weakness in the Brazilian real (^USDBRL) sparked long liquidation in sugar futures today when the real dropped to a 3-week low against the dollar.  The weaker real encourages export selling by Brazil's sugar producers.

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