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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Sugar prices settle higher on strength in the brazilian real - Caught on Camera

Brazil India Thailand El Nino the Indian Sugar and Bioenergy Manufacturers Association USDA

May NY world sugar #11 (SBK24) on Thursday closed up +0.14 (+0.63%), and May London ICE white sugar #5 (SWK24) closed up +3.00 (+0.46%).

Sugar prices Thursday finished moderately higher.  Strength in the Brazilian real (^USDBRL) boosted sugar futures after the real on Thursday climbed to a 1-week high against the dollar.  The stronger real discourages export selling by Brazil's sugar producers.

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