Brazil: Sugar closes 6th close to stability on the US and UK stock exchanges after 12-year highs

Updated Sep 23, 2023
Sugar futures prices ended this Friday's session (22) close to stability on the New York and London stock exchanges. The market is seeking accommodation after significant fluctuations in recent days with attention to finance and supply. Prices even tested 12-year highs in New York. The most traded raw sugar maturity on the New York Stock Exchange (ICE Futures US) registered an appreciation of 0.07% on the day, at 27.28 cents/lb, with a maximum of 27.61 cents/lb and a minimum of 27.05 cents/lb. In London, the first contract fell 0.27%, to US$730.80 a ton. The North American terminal registered an accumulated increase of 0.63%. The sugar market ends the week close to stability after testing decade-old levels during the week. Fears regarding the supply of the sweetener support external prices, mainly due to problems in Asian origins. Monsoon rains from June to August in India were 10% below normal in August, with just 162.7 mm of rain, according to the Barchart website. Despite this, ...
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