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Barchart

Rich Asplund

FORGOTTEN HISTORY: Sugar prices stabilize after mondays sell off | History Defined

Sugar India NY USDA Brazil Foreign Agricultural Service International Sugar Organization ISMA Thailand

March NY world sugar #11 (SBH27) is up +0.15 (+0.79%), and December London ICE white sugar #5 (SWZ26) is up +3.10 (+0.60%).

NY sugar prices today have stabilized after Monday’s -5.6% plunge to a 1-month low. Sugar prices fell sharply on Monday as the Brazilian real plunged nearly -9% after President Luiz Inacio Lula da Silva surprised the markets by winning the weekend Brazilian presidential election for a fourth term. The Brazilian real recovered modestly by +1.2% today.

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