date:Aug 06, 2015
Raw sugar prices ended below 11 cents a pound for the first time in six-and-a-half years Monday as the Brazilian real continued its slide against the dollar.
Brazil is the biggest producer of the sweetener in the world, and when the real weakens against the dollar, the favorable exchange rate makes sales of dollar-denominated sugar more valuable in reais terms. The Brazilian real has dropped 10% in a month as investors grow increasingly concerned about the stability of Brazils economy amid a po