Sugar futures operated with a sharp fall on the New York and London stock exchanges this Monday morning (06). The market feels pressure from a profit-taking movement, in addition to oil in the financial sector. Around 7 am (Brasília time), raw sugar was down 1% in the main contract on the New York Stock Exchange (ICE Futures US), at 20.71 cents/lb. In London, the low was 1.43%, at US$ 580.00 a ton. After closing last week close to 21 cents/lb amid concerns about the Indian crop due to adverse weather, the sugar market adjusts at the start of a new week. In addition to a natural profit-taking movement, there is pressure associated with the devaluation of oil. The oil oscillations impact the decision of the plants in the Center-South of Brazil in the option of sugar or ethanol. See how the market closed in the last session: » Sugar closes the week close to 21 cents/lb amid fears about the Indian harvest.
Sugar futures operated with a sharp fall on the New York and London stock exchanges this Monday morning (06). The market feels pressure from a profit-taking movement, in addition to oil in the financial sector. Around 7 am (Brasília time), raw sugar was down 1% in the main contract on the New York Stock Exchange (ICE Futures US), at 20.71 cents/lb. In London, the low was 1.43%, at US$ 580.00 a ton. After closing last week close to 21 cents/lb amid concerns about the Indian harvest due to adverse weather, the sugar market adjusts at the start of a new week. In addition to a natural profit-taking movement, there is pressure associated with the devaluation of oil. The oil oscillations impact the decision of ...
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