Barchart - Sugar prices on Friday gave up an early advance and closed moderately lower, with London sugar falling to a 1-1/2 month low. Weakness in the Brazilian real (^USDBRL) undercut sugar prices as the real on Friday dropped to a 2-week low against the dollar. The weaker real encourages export selling from Brazil's sugar producers.
Sugar also has some negative carryover from Thursday, when India's government said it had no plans to allow its sugar mills to divert more cane crushing to make ethanol, which should boost India's domestic sugar supplies.