News

Crude sugar rises on ICE and March contract is traded at 20.11 cents per pound

Sugar
United States
Published Jan 26, 2023

Tridge summary

The raw sugar futures contracts traded on ICE had an increase this Wednesday, 25, supported by news from the two largest global producers of the commodity: Brazil and India. Raw sugar for March delivery rose 23 cents, or 1.2%, to trade at 20.11 cents a pound.
Traders said the market gained support from the news that Petrobras has raised the prices of gasoline sold to distributors , a move that could encourage mills to use cane to produce ethanol biofuel instead of sugar.
They also cited comments that the Government of India would confirm the ban on additional sugar exports for the time being.

Original content

Os contratos futuros de açúcar bruto negociados na ICE tiveram uma elevação nesta quarta-feira, 25, apoiados por notícias vindas dos dois maiores produtores globais da commodity: Brasil e Índia. O açúcar bruto com vencimento em março subiu 0,23 centavo de dólar, ou 1,2%, indo a 20,11 centavos de dólar por libra-peso. Os comerciantes disseram que o mercado obteve apoio com a notícia de que a Petrobras aumentou os preços da gasolina vendida às distribuidoras, uma medida que poderia encorajar as usinas a usar cana para produzir biocombustível etanol em vez de açúcar. Eles também citaram comentários de que o governo da ...
Source: Novacana
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.