Dollar Strength Undercuts Sugar Prices
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May NY world sugar #11 (SBK25 ) today is down -0.31 (-1.57%), and May London ICE white sugar #5 (SWK25 ) is down -6.30 (-1.14%). Sugar prices today dropped to 1-week lows after the dollar index (DXY00 ) rallied to a 2-week high, prompting long liquidation in sugar futures. Sugar…
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