Sugar and Coffee Prices Fall More Than 4% as Brazil's Real Slumps
Sugar and coffee prices fell more than 4% on Monday as Brazil's real weakened following President Luiz Inacio Lula da Silva's reelection.
By May AngelSugar and coffee prices slid by more than 4% on Monday as the real currency FX_IDC:USDBRL in top grower Brazil slumped on President Luiz Inacio Lula da Silva's surprise reelection.A weak real (BRBY) tends to encourage exporters in Brazil to sell dollar-priced sugar and coffee by raising…