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Rich Asplund

SHOCKING: Sugar prices tumble as the dollar rallies - You Need To See This

Brazil Green Pool Commodity Specialists India London NY Thailand USDA

May NY world sugar #11 (SBK25) Monday closed down -0.46 (-2.33%), and May London ICE white sugar #5 (SWK25) closed down -10.00 (-1.81%).

Sugar prices Monday dropped to 1-week lows and settled moderately lower after the dollar index (DXY00) rallied to a 2-week high, which prompted long liquidation in sugar futures. Sugar prices have rallied over the past two weeks, with NY sugar posting a 1-month high last Tuesday and London sugar posting a 3-3/4 month high on signs of lower global sugar production.

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