News

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

Sugar
United States
Published Mar 11, 2023

Tridge summary

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.

Original content

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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