Sugar closes lower in New York in the US and in London in the United Kingdom

Sugar

United Kingdom

United States

Published Jan 21, 2023

Tridge summary

The session was attentive to the positive expectations regarding the 2023/24 crop in the Center-South region of Brazil. For the time being, the registered rains are excellent for the new season's cane fields.

Original content

In addition, lower sugar exports from India could lift global prices, and allow Brazil and Thailand to increase shipments. According to a Reuters source, sugarcane production was much lower than last year. Production is not sufficient to allow additional exports. On ICE Futures in New York, raw sugar in the March/23 contract, traded at 19.68 cents per pound, fell by 14 points. The May/23 contract, traded at 18.41 cents per pound, fell by 13 points. ICE Europe in London points out that white sugar in the March/23 contract, traded at US$ 546.50, also fell by US$ 5.10. The May/23 contract, traded at US$530.30, also fell by US$4.50. The other batches of international exchanges also closed down. Crystal sugar rose 1.01% compared to the previous day. ...

Source: Portal Do Agronegocio

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