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Market Impact: 0.4
Sugar Prices Fall Sharply on Brazilian Real Decline
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsCurrency & FXElections & Domestic PoliticsEmerging Markets
March New York sugar #11 futures fell 5.63% to close down 1.14, while December London white sugar #5 fell 3.63%, down 19.40. The article attributes the sharp Monday decline to a 9% plunge in the Brazilian real after President Luiz Inácio Lula da Silva surprised markets by winning; the excerpt does not specify what he won.
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