USA: Weak macroeconomic signals put downward pressure on the sugar commodity

게시됨 2022년 11월 29일

Tridge 요약

Sugar prices on international markets are under pressure due to weak macroeconomic signals and concerns about demand in China due to protests against its strict Covid restrictions. The March/23 maturity contract on the ICE in New York was traded at 19.38 cents per pound, with other contracts retreating between 2 and 10 points. In London, white sugar prices closed mixed on ICE Futures Europe. In the domestic market, crystal sugar prices rose slightly, with the 50 kilo bag traded at R$ 136.00. Hydrated ethanol also started the week at a high price according to the Paulínia Daily Indicator.

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원본 콘텐츠

Weak macroeconomic signals are putting pressure on sugar prices on international markets. Yesterday, the commodity closed mixed on international exchanges, reaching a two-week low on the ICE in New York. Another factor that pressured the market was "rare protests against China's strict zero Covid restrictions sparking concerns about demand growth in the world's second-largest economy", highlighted analysts interviewed by Reuters. In New York, the March/23 maturity was contracted yesterday at 19.38 cents per pound, 5 points more than the day before. The May/23 screen dropped 1 point, trading at 18.35 cts/lb. The other contracts retreated between 2 and 10 points. Still according to dealers interviewed by Reuters, "the short-term market finds support from tight supplies until the progress of Asian harvests". London In London, white sugar prices closed mixed on ICE Futures Europe. The March/23 contract was traded at US$ 528.60 a ton, a devaluation of 1.10 dollars. On the other hand, ...

출처: Agrolink