Sugar Prices Undercut by Brazil Rain Forecasts and Brazilian Real Weakness
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May NY world sugar #11 (SBK25 ) today is down -0.15 (-0.79%), and May London ICE white sugar #5 (SWK25 ) is down -1.90 (-0.35%). Sugar prices today extended this week’s decline to 2-week lows. Forecasted rain for Brazil has eased dryness concerns and is weighing on sugar prices. Meteorologist…
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