Sugar starts the week with losses of around 1% on the New York, United States and London, United Kingdom stock exchanges

Sugar futures prices ended this Monday's session (29) with significant losses on the New York and London stock exchanges. The market feels pressure from oil on the international scene, exchange rates and the advance of the harvest in the Center-South of Brazil. The most traded maturity of raw sugar on the New York Stock Exchange fell by 1.01% on the day, to 23.53 cents/lb, with a maximum of 24.30 cents/lb and a minimum of 23.42 cents/lb. At the London terminal, the first contract fell 0.90%, to US$662.10 per ton. "In the month of January, the market has made small corrections, slight fluctuations, but within the range of 21-23 cents/lb", says Haroldo Torres, manager of Pecege, about the sweetener's movements at the beginning of the year after the significant drop in December. Read more: + Sugar starts the week with losses of around 1% in NY and London, but still maintains important levels The sugar market extends the losses of the previous session at the beginning of the week, ...