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Market Impact: 0.35
Sugar Prices Fall Sharply on Brazilian Real Decline
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsCurrency & FXEmerging MarketsElections & Domestic Politics
March NY world sugar #11 futures fell 1.13 cents (5.58%), while December London ICE white sugar #5 futures declined 19.20 (3.59%). The article attributes the drop to a 9% plunge in the Brazilian real after President Luiz Inácio Lula da Silva surprised markets by winning the weekend election.
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moderately negative
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