UK: London Stock Exchange operates with moderate increases in sugar this Tuesday afternoon

Sugar futures prices are up close to 1% on the London Stock Exchange this Tuesday afternoon (04). The market is supported by oil in the financial sector. The New York Stock Exchange is closed for the Independence Day holiday. At around 12:33 pm (Brasília time), the most traded month of white sugar in London had appreciated by 0.84%, at US$ 646.00 a ton. The sugar market operates with a moderate rise in the London terminal this Tuesday afternoon, after losses were recorded in the morning. Support for the sweetener comes from finance, with increases of more than 2% being recorded in oil. Crude oil fluctuations have a direct impact on fuel prices and, consequently, on the mills' decision on whether to produce sugar or ethanol, based on whichever is more profitable. The day before, the sugar market soared on foreign exchanges with a combination of factors: adjustment of positions in view of last week's lows, financial, but also reflected the deliveries of the July contract ...