Sugar oscillates strongly, but ends this 6th session close to stability in NY, US

After wide swings, sugar futures closed this Friday (10) close to stability in New York, but with a slight drop in London. The market followed the data on the Brazilian harvest and financial data during the last few days. The most traded month of raw sugar on the New York Stock Exchange rose 0.05% to 21.16 cents/lb, with a high of 21.22 cents/lb and a low of 20.66 cents/lb. In London, the first contract fell 0.41% on the day, at US$ 589.90 a tonne. In the week, the main salary in the North American terminal rose 1.39%. After registering highs the day before, the sugar market on foreign exchanges began this Friday's session in the red. During the day, however, losses were being reduced and New York even recorded a slight appreciation. This week's negotiations permeated information about the production origins. On the one hand, operators follow the positive information about the 2023/24 crop in the Center-South of the country. However, there is attention to Asian origins. Datagro, ...