World: Sugar futures market starts week on the rise; ethanol shows an appreciation of 1.45%

Published 2024년 3월 19일

Tridge summary

The sugar market started the week on a positive note, with futures contracts traded on international exchanges showing increases. The contract for May 2024 on ICE Futures in New York was quoted at 22.16 cents per pound, up by 4 points from Friday. All lots of white sugar on ICE Futures Europe in London also appreciated. Brazil has exported 1.577 million tons of sugar and molasses in March, earning US$832.693 million. In the domestic market, crystal sugar and hydrated ethanol prices also increased.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The sugar market started the week on an upward trend, as seen in futures contracts traded on international exchanges. On ICE Futures in New York, the contract for May 2024 was quoted at 22.16 cents per pound, representing an increase of 4 points over Friday's prices. At the same time, the contract for July 2024 registered an increase of 6 points, being traded at 21.82 cts/lb. The other contracts showed variations between 1 and 9 points, except for the contract for October 2025, which remained stable. At ICE Futures Europe in London, all lots of white sugar ended the day with appreciation. The contract for May 2024 was quoted at US$628.00 per ton, representing an increase of US$4.60 compared to the previous day. Meanwhile, the contract for August 2024 registered an increase of 4.70 dollars, reaching a value of US$ 612.00 per ton. The remaining negotiations presented variations between 40 cents and 2.20 dollars. In terms of exports, data from the Secretariat of Foreign Trade (Secex) ...

Source: Portal Do Agronegocio