Compared to the data for the same month of 2022, sugar prices in Western markets have risen by more than 10% The cost of raw sugar (sugar No. 11) on the Intercontinental Exchange (ICE) in the United States decreased by 0.4% over the month and amounted to $443.2/t. On the London International Financial Futures and Options Exchange (LIFFE), white sugar fell by 1.4% over the month to $547.9/t. At the same time, compared with the data at the beginning of 2022, sugar prices in Western markets rose by more than 10%. Quotations on the Zhengzhou Stock Exchange (ZCE, China) changed slightly over the month, the price of sugar amounted to 836.5 USD/t. In the Russian market, sugar rose in price by 3.8%, to $435.6/t (at the same time, the US dollar exchange rate against the Russian ruble decreased by 1.7%). Raw sugar futures (sugar No. 11) closed above 20 cents a pound on Wednesday, January 25. On Thursday, prices reached a monthly high. The main factors contributing to the rise in prices were ...
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