Adjustment of positions and climate favor sugar prices in US and EU

Published 2023년 3월 10일

Tridge summary

The article reports on the rise in prices for various agricultural commodities across different markets. In the US, the May and July 2023 contracts for butter on ICE Futures experienced an increase, with May trading at 21.15 cents per pound and July at 20.58 cents. Throughout ICE Futures Europe in London, white sugar contracts for May and July in 2023 also saw a rise. Meanwhile, Brazil saw an increase in crystal sugar prices but a decrease in hydrated ethanol prices.

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

Original content

In New York, on ICE Futures, the May/23 contract was contracted at 21.15 cents per pound, an increase of 27 points compared to the prices practiced the day before. The July/23 screen also rose 27 points, trading at 20.58 cts/lb. The other maturities appreciated between 19 and 27 points. In London, ICE Futures Europe for white sugar closed higher on all lots. The May/23 contract was traded at US$ 592.30 a ton, an appreciation of US$ 6.30 compared to Wednesday's prices. The August/23 canvas rose by US$5.60, contracted at US$578.60 a ton. The other contracts valued between 5.70 and 6.10 dollars. On the domestic market, Thursday saw a rise in crystal sugar prices measured by the Cepea/Esalq Indicator, from USP. The 50 kilo bag was traded yesterday at R$ 131.47 against R$ 130.90 the day before, an appreciation of 0.44% comparing ...

Source: Portal Do Agronegocio