Brazil: With a consolidated market, sugar futures close mixed on international exchanges in the US and UK

Published 2023년 2월 23일

Tridge summary

Raw sugar prices have seen a decrease in both New York and London markets, with the March and May/23 contracts closing at lower values. The May and August/23 contracts in the European market also experienced a drop. In Brazil, the domestic market saw a slight decrease in crystal sugar prices, while hydrated ethanol prices saw a slight increase after a few days of decline.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In New York, on ICE Futures, raw sugar closed lower on the first two screens, March and May/23, contracted, respectively, at 21.29 and 19.90 cents per pound weight, devaluation of 4 and 3 points , in comparison with the prices practiced on the previous day. The other screens closed valued between 3 and 8 points. In London, at ICE Futures Europe, the May and August/23 screens closed at lows of 1.90 and 1 dollar per ton, with deals signed at US$ 567.00 and US$ 551.10, respectively. The other screens closed at values between 20 cents and 1.80 dollars, with the exception of the October/24 batch, which dropped 40 cents on the dollar. In the domestic market, the post-Carnival Wednesday saw a drop in crystal sugar prices measured by the Cepea/Esalq Indicator, from USP. The 50 kg bag was negotiated by the mills at R$ 131.88 against R$ 131.95 on Friday ...

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