Sugar and Coffee Slide as Brazil’s Real Falls Around 10%
Sugar and coffee prices fell Monday as Brazil’s real tumbled around 10% after President Luiz Inacio Lula da Silva’s surprise election win.
By May AngelSugar and coffee prices slid on Monday as the real currency FX_IDC:USDBRL in top grower Brazil tumbled around 10% on President Luiz Inacio Lula da Silva's surprise election win.A weak real (BRBY) tends to encourage exporters in Brazil to sell dollar-priced sugar and coffee by raising th…