Sugar prices rose, led by October NY world sugar #11 (SBV26) up +2.15% (+0.32) and Aug London ICE white sugar #5 (SWQ26) up +0.04% (+0.20). The move is attributed to support from a rally in the Brazilian real (USD/BRL) to a two-week high, which tends to discourage near-term selling by boosting BRL-denominated economics.
Sugar prices rose, led by October NY world sugar #11 (SBV26) up +2.15% (+0.32) and Aug London ICE white sugar #5 (SWQ26) up +0.04% (+0.20). The move is attributed to support from a rally in the Brazilian real (USD/BRL) to a two-week high, which tends to discourage near-term selling by boosting BRL-denominated economics.
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Request DemoOverall Sentiment
mildly positive
Sentiment Score
0.25
