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

Updated Mar 11, 2023
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 the days.
Hydrated ethanol, on the other hand, registered the fifth consecutive drop in its prices according to the Paulínia Daily Indicator. Biofuel was traded yesterday at BRL 2,753.50 a m³, against BRL ...
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