Sugar prices fall in NY, United States and show mixed results in London, United Kingdom on Monday (16)

Published 2024년 12월 16일

Tridge summary

Raw sugar prices are experiencing a decline on the New York and London Stock Exchanges, with the March/25 contract trading at 20.51 cents/lbp, a decrease of 0.21 cents. This downturn is attributed to selling pressure in the market, driven by technical adjustments and the supply of sugar in Brazil. The increase in prices seen in August, due to dry weather and fires in Brazil, has now subsided, with prices returning to lower levels. The withdrawal of speculative funds from the market has also contributed to the downward pressure on prices.

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

Original content

Raw sugar prices are extending the declines recorded over the past week on the New York Stock Exchange, with new drops recorded on Monday morning (16). On the London Stock Exchange, prices are volatile, fluctuating in the morning with negative and positive variations. At around 9:50 am (Brasília time), March/25 was trading at 20.51 cents/lbp, a drop of 0.21 cents. May/25 fell 0.15 cents, quoted at 19.11 cents/lbp. July/25 and October/25 recorded drops of 0.12 cents and 0.13 cents, with prices of 18.51 cents/lbp and 18.39 cents/lbp, respectively. On the London Stock Exchange, the day began with a slight increase in the March/25 contract, which rose to US$ 528.80 per ton, an increase of US$ 0.80. The May/25 contract showed a small drop of US$ 0.50, being quoted at US$ 530.10. The August/25 and October/25 contracts remained stable, traded at US$ 519.40 and US$ 511.80, respectively. Sugar futures contracts opened lower on Monday (16) on the New York Stock Exchange. At around 9 am ...

Source: NoticiasAgricolas