Prices for sugar are rising due to the strengthening of the Brazilian real: the world sugar NY-11 and London white sugar ICE-5 have jumped.

Sugar NY-11 added +0.10 (18.39; 0.55%), while London white sugar ICE-5 increased by +3.70 (523.10; +0.07). The price hike is associated with the strengthening of the Brazilian real, which restrains exports and slows down sugar sales.

14 August 2024

Midweek, on the second of October, the world sugar NY-11 (SBV24) recorded an increase of +0.10 (18.39; 0.55%). October London white sugar ICE-5 (SWV24) closed with a growth of +3.70 (523.10; +0.07). This information is provided by the well-known portal Barchart.

Sugar prices rose significantly on Tuesday, supported by a strong Brazilian real (^USDBRL). The real strengthened on Tuesday, reaching a 3.5-week high against the dollar, which discouraged Brazilian sugar exporters and slowed down their sales.

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Prices for sugar are rising due to the strengthening of the Brazilian real: the world sugar NY-11 and London white sugar ICE-5 have jumped.

Sugar NY-11 added +0.10 (18.39; 0.55%), while London white sugar ICE-5 increased by +3.70 (523.10; +0.07). The price hike is associated with the strengthening of the Brazilian real, which restrains exports and slows down sugar sales.

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