Tridge summary
International sugar prices were low this week, with raw sugar dropping 36 points in New York and white sugar decreasing by US$ 7.30 in London. Despite this, Brazil managed to export 786,160 tons of sugar and molasses in the first eight days of March, generating revenue of R$ 340.04 million. The domestic crystal sugar market saw a slight increase, while hydrated ethanol experienced its seventh consecutive drop.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Sugar started the week low on international stock exchanges. In New York, on ICE Futures, raw sugar was traded this Monday (13), expiring in May/23, at 20.80 cents per pound, down 36 points compared to Friday's prices -fair. The July/23 screen retreated 31 points, trading at 20.29 cts/lb. The other lots fell between 27 and 30 points. In London, Monday was also low for the commodity. White sugar, batch May/23, was contracted yesterday at US$ 582.60 a ton, a devaluation of US$ 7.30 in comparison with the previous session. On the other hand, the August/23 screen fell by US$6.80, trading at US$570.80 a ton. The remaining contracts retreated between 4.50 and 5.90 dollars. Export According to data from Secex - Foreign Trade Secretariat, linked to the Ministry of Economy, Brazil exported in the first 8 days of March 786.16 thousand tons of sugar and molasses, with accumulated revenue of R$ 340.04 million. The information is from the Agricultural News portal. "In the whole of last month, ...
Source: Agrolink
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