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Rich Asplund

MYSTERIOUS: Sugar prices finish moderately lower on brazilian real weakness - What They Never Told You

Brazil Green Pool Commodity Specialists India ISO Thailand USDA

May NY world sugar #11 (SBK25) Tuesday closed down -0.37 (-1.98%), and May London ICE white sugar #5 (SWK25) closed down -10.70 (-2.00%).

Sugar prices on Tuesday dropped to 5-week lows and settled moderately lower due to the weakness of the Brazilian real (^USDBRL). The real fell to a 2-1/2 month low against the dollar Tuesday, encouraging export selling from Brazil's sugar producers.

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