Brazil: Sugar futures prices ended with significant increases on the US and UK stock exchanges

Sugar futures prices ended this Monday's session (09) with a significant increase on the New York and London stock exchanges. The market remains attentive to concerns about supply, mainly due to Asia, added to oil. Furthermore, the dollar had fallen against the real, which also contributed to the advance. The most traded maturity of raw sugar on the New York Stock Exchange appreciated by 1.65%, at 27.18 cents/lb, with a maximum of 27.28 cents/lb and a minimum of 26.68 cents/lb. In London, the first contract rose 1.68%, to US$721.10 per ton. The sugar market expanded last week's gains, still aware of the continued concerns of operators regarding the supply issue. Despite the good progress of Brazil's harvest, there is attention to Asia, mainly India and Thailand. English trading company Czarnikow announced last week that it expects a global deficit of 3.2 million tons in the 2023/24 season. In September this year, the entity predicted a much smaller deficit of the sweetener, of 1.1 ...