News

Sugar advances and extends gains this Wednesday on the US and UK stock exchanges

Sugar
Published Feb 28, 2024

Tridge summary

Sugar prices have experienced a minor rise on the New York and London stock exchanges due to concerns over supply. This is a result of decreased rainfall in the Center-South region of Brazil. The most traded maturity date for raw sugar on the New York Stock Exchange saw an increase of 0.09%, reaching 22.70 cents/lb. Meanwhile, in London, the main maturity rose by 0.62%, quoted at US$ 635.60 per ton.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Future sugar prices are showing a slight increase on the New York and London stock exchanges this Wednesday (28). The market continues to be supported by supply concerns, as rainfall has reduced in the Center-South of Brazil. At around 8:33 am (Brasília time), the most traded maturity date for raw sugar on the New York Stock Exchange had increased by 0.09%, to 22.70 cents/lb. In London, the main maturity rose 0.62%, quoted at US$ 635.60 per ton. Oil limits gains at the start of the session, with losses of almost 1% being ...
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