Sugar falls more than 1% in New York and London this Thursday with information in Brazil

Sugar futures prices fell more than 1% on the New York and London stock exchanges this Thursday (05), despite having fluctuated upwards during the day. The market is pressured by expectations with harvests at the origins, in addition to the fuel issue in Brazil. The most traded month of raw sugar on the New York Stock Exchange fell 1.02% on the day, quoted at 19.34 cents/lb, with a high of 19.63 cents/lb and a low of 19.32 cents/lb. In London, the first contract had losses of 1.55%, at US$ 534.70 a tonne. After losses in recent days, the sugar market even tried to advance in the morning in technical recovery on foreign exchanges, but began to fall in the early afternoon with information on the origins still weighing on the external quotations of the sweetener. 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. According to the Reuters news agency, good rains are being recorded in Brazil, ...