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Market Impact: 0.15

Sugar Prices Slide as Crude Oil and the Brazilian Real Fall

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesCurrency & FX

July NY world sugar #11 closed down 0.13 (-0.91%) and Aug London ICE white sugar #5 fell 2.30 (-0.51%) on Friday. Prices were pressured by weakness in crude oil and the Brazilian real, with WTI crude down more than 3%. The move is modest and primarily reflects broader commodity and FX headwinds rather than sugar-specific fundamental news.

Analysis

July NY world sugar #11 closed down 0.13 (-0.91%) and Aug London ICE white sugar #5 fell 2.30 (-0.51%) on Friday. Prices were pressured by weakness in crude oil and the Brazilian real, with WTI crude down more than 3%. The move is modest and primarily reflects broader commodity and FX headwinds rather than sugar-specific fundamental news.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20