On Wednesday, October NY World Sugar #11 (SBV24) closed higher at +0.27 (18.14; +1.51%), while October London ICE White Sugar #5 (SWV24) ended up with an increase of +6.90 (514.50; +1.36%), according to Barchart.
Sugar prices saw moderate growth on Wednesday due to the strengthening of the Brazilian currency (USDBRL). The short-term closing of sugar futures trades happened after the real reached a weekly high against the dollar, pushing Brazilian sugar producers away from export sales.