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Barchart
Barchart
Rich Asplund

Weakness in the Brazilian Real Supports Sugar Prices

Brazil India USDA ISO Ethanol Deficit FAs London NY

October NY world sugar #11 (SBV26) today is up +0.32 (+2.15%), and Aug London ICE white sugar #5 (SWQ26) is up +0.20 (+0.04%).

Sugar prices are moving higher today. Sugar garnered support today from a rally in the Brazilian real (^USDBRL) to a 2-week high, which discourages export sales from Brazil’s sugar producers.

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