On Thursday, the closing of May futures for world sugar No. 11 in New York (SBK24) showed a moderate increase of +0.14 (+0.63%), reaching 22.36. Also, May London white sugar ICE No. 5 (SWK24) closed with a significant rise of +3.00 (+0.46%), reaching 650.70. This information is reported by Barchart.
Prices for sugar on Thursday are moderately rising. The reason for the increase in sugar futures is the strengthening of the Brazilian real (^USDBRL), as the real has reached a weekly maximum against the dollar. The strengthening of the real makes it difficult for Brazilian sugar producers to make export sales.