USA: Sugar opens close to stability and heads for weekly loss of over 6% on the New York Stock Exchange

Published 2024년 12월 20일

Tridge summary

Sugar prices on the New York and London stock exchanges saw slight variations leading to a decrease in prices, with over 6% drop in New York and 4% in London over six consecutive downward sessions. The decrease was observed in various contracts in both markets, indicating bearish trends in both. The decrease is attributed to expectations of strong sugarcane harvests from Indian and Thai mills.

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

Original content

This Friday (20) began with slight variations in sugar prices on the New York and London stock exchanges. As a result, after a sequence of six consecutive downward sessions, prices are set to end this week with a drop of over 6% in NY and 4% in London. In New York, at around 9 am (Brasília time), the March/25 contract was down 0.02 cents, trading at 19.38 cents/lbp. May/25 was down 0.02 cents, trading at 18.03 cents/lbp, while July/25 was down 0.03 cents, trading at 17.60 cents/lbp. The October/25 contract also recorded a negative variation, with a drop of 0.04 cents, trading at 17.56 cents/lbp. On the London Stock Exchange, movements were also downward. The March/25 contract fell US$ 3.00, trading at US$ 506.20 per ton. May/25 fell US$ 2.80, trading at US$ 507.00. August/25 fell US$ 1.60, trading at US$ 496.30 per ton, and ...

Source: NoticiasAgricolas