Sugar operates in mixed territory this Wednesday afternoon in NY, USA and London

Sugar futures contracts operated in mixed territory this Wednesday afternoon (22) on the New and London exchanges. The market is aware of concerns about India, but is optimistic about Brazil's crop, and monitors financial fluctuations. Around 12:47 am (Brasília time), raw sugar was stable in the main contract on the New York Stock Exchange (ICE Futures US), quoted at 19.93 cents/lb. At the London terminal, the drop was 0.12%, at US$ 568.20 a tonne. The sugar market has been closely following information from India since last week. The government is concerned that a smaller sugar crop in India could constrain domestic supplies this year and will not increase export quotas. On the other hand, there is pressure on sweetener prices on foreign exchanges associated with the 2023/24 crop in the Center-South region of Brazil, which will begin to be harvested only in April this year. Rains have been recorded in the country's productive ...