With New York Stock Exchange closed on Tuesday, UK operates with slight declines in sugar futures

Published 2023년 7월 4일

Tridge summary

Sugar futures in London fell slightly on Tuesday morning, with the market feeling pressure to take profits after recent highs. The New York Stock Exchange was closed for the Independence Day holiday. The day before, the sugar market soared due to a combination of factors, including adjustments of positions and strong demand for the sweetener.

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Original content

Sugar futures contracts operate with a slight fall in London this Tuesday morning (04). The market feels pressure to take profits after recent highs. The New York Stock Exchange is closed for the Independence Day holiday. At around 8:46 am (Brasília time), the most negotiated month for white sugar in London was down 0.62%, at US$ 636.60 a tonne. The day before, the sugar market soared on foreign exchanges with a combination of factors: adjustment of positions in view of last week's lows, financial, but also reflected the deliveries of the July contract below expectations at ICE. The demand for the sweetener was also on the radar. In June, Brazil exported 3.081 million tons of sugar and molasses in the month of June (21 business days), with accumulated ...

Source: NoticiasAgricolas