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Barchart

Rich Asplund

Weakness in the Brazilian Real Hammers Sugar Prices

Brazil Green Pool Commodity Specialists India Thailand USDA

May NY world sugar #11 (SBK25) today is down -0.66 (-3.37%), and May London ICE white sugar #5 (SWK25) is down -13.80 (-2.49%).

Sugar prices today fell sharply to 1-1/2 week lows after the Brazilian real (^USDBRL) dropped to a 3-week low. The weaker real encourages export selling by Brazil's sugar producers, prompting long liquidation in sugar futures.

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