In adjustments, sugar advances this Thursday on the New York stock exchange, but remains low in London

Sugar futures prices rose slightly on the New York Stock Exchange, in adjustments, but remained low in London. In addition to technical accommodation, the market is still supported by the appreciation of oil, but bearish factors are still being followed. At around 8:37 am (Brasília time), raw sugar appreciated by 0.05% in the main contract on the New York Stock Exchange (ICE Futures US), at 19.55 cents/lb. At the London terminal, the drop was 0.22%, at US$ 541.90 a tonne. After losses, the oil market advances more than 2% on external exchanges and gives some support to the sweetener. The bearish fundamentals are still accompanied by the sweetener market. In Brazil, expectations are wide with the current and next harvest, which may be close to 600 million tons in the Center-South of Brazil alone. There is also attention to the recent government decision to maintain the exemption from federal fuel taxes for another ...