March NY world sugar #11 (SBH24) on Thursday closed up +0.35 (+1.63%), and March London ICE white sugar #5 (SWH24) closed up +9.80 (+1.60%). Sugar prices on Thursday recovered from early losses and closed higher as strength in the Brazilian real sparked short covering in sugar futures. On Thursday, the real ([^USDBRL](https://www.barchart.com/forex/quotes/%5EUSDBRL/overview)) rallied to a 1-week high against the dollar, discouraging export selling from Brazil’s sugar producers. Long liquidation pressures have weighed on sugar prices as last Friday’s Weekly Commitment of Traders (COT) report sh…